Speaking at the Bank of America Metals, Mining & Steel conference on Tuesday May 18, Henry said demand for nickel will quadruple over the same timeframe.
He added that meeting net-zero carbon emissions goals by 2050 will see global demand for steel almost double, potash become vital for more-efficient agricultural practices and oil & gas still key commodities as the world moves toward decarbonization.
This makes the outlook for all these commodities “compelling,” Henry told delegates.
“Government stimulus and pro-growth agendas, which are expected to remain in place for an extended period, are [expected] to lead to robust growth, a lift in inflation and solid demand for mineral resources, [including] oil & gas,” he said.
“This is occurring at...