Global metals, mining demand ‘tepid at best’ – WoodMac

With the global metals and mining markets having faltered under the weight of Covid-19 pandemic-driven lockdowns, demand outside of China was “tepid at best and in freefall at worst”, says global research and consultancy group Wood Mackenzie (WoodMac). From a mined commodities perspective, however, WoodMac vice-chairperson Julian Kettle says China represents a large economy that is returning to life as it “sucks in raw materials and produces its way out of trouble”.