Reuters quotes a recent report by investment bank Goldman Sachs as predicting a return to the “structural bull market” of the 2000s, a period of rapidly rising demand and chronic underinvestment in new supply:
“Covid is already ushering in a new era of policies aimed at social need instead of financial stability [which] will likely create cyclically stronger, more commodity-intensive economic growth, that should create the elusive cyclical upswing in demand.”
And this time the boom would be less dependent on China, which already consumes more than half the world’s industrial metals, but would be boosted by green energy spending in developed markets, says Goldman.
Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.
