Overview of Metals Market Trends

This year has experienced notable fluctuations in the metals market primarily driven by investor sentiment and geopolitical factors. A surge in interest, particularly from financial institutions, was seen in the first half of the year owing to anticipated stimulus measures from China and potential US Federal Reserve rate cuts, which contributed to significant price rallies for metals like copper and aluminum. However, the optimism waned as reality fell short of expectations, particularly concerning China's ongoing economic policies and their effectiveness in driving real demand. The latter part of the year appears subdued as market participants await clarity surrounding the upcoming US elections and their implications.