Commodity Strategy - The Future Of Metals Demand In Charts - NOV 2017


Growth in global metals demand will be weaker over the next five years than that of the previous decade, mainly due to a slowdown in China's construction sector.

  • China's metals consumption growth will slow, particularly for steel. Although economic growth will remain solid in China over the coming years, the economy will become less steel-intensive.

  • Outside of China, the outlook is far more positive and we expect strong demand growth from a host of established emerging markets including India, Mexico, Turkey, Vietnam, the Philippines and Indonesia.

  • China Will No Longer Set The Pace
    Select Regions - Consumption Of Steel, Copper And Aluminium, Annual Average Growth, %
    Source: USGS, World Steel Association, Trade Map, BMI

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