The commodities market as a whole currently offers the best investment environment since 2008, the bank said in a research report published on Thursday February 1.
Global demand will increase enough over the coming months to offset China’s continued transformation to a consumption-based economy and away from a reliance on metal-intensive infrastructure projects, it added.
“The outlook for commodities this year is simply a continuation of [the] trend [seen in 2017], with a greater emphasis on [emerging markets outside the borders of] China, which will make the composition of already robust global growth more commodity-intensive,” the research note said.
The bullish outlook is being driven by the emerging market economies, which are predicted to grow at an annualized rate of...
