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Friday, October 20, 2017

Bank predicts higher demand for cyclical metals in 2015

ABN AMRO Bank predicted that worldwide demand for cyclical metals will increase as industrial activity surges in 2015, with boosts in construction and car production, the bank said Monday.

The Dutch bank predicts that prices for metals will increase, as there will be a recovery within the construction sector and increased manufacturing overall. Some metals and materials will likely see lower prices from potential overproduction on top of weakened international demand and a greater supply of these materials.

The bank also predicts that oil prices will rise, but with the recent drastic drop in oil prices, it is unlikely that they would reach 2013 or early 2014 levels during 2015. Low oil prices will aid production of base metals and precious metals, processes that take massive amounts of energy.

The bank said low oil prices likely will boost growth and drive demand for other commodities in several markets.

Organizations in this story

ABN-AMRO Bank N.V. Gustav Mahlerlaan 10 Amsterdam, NH

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