Everyone's a Metals Bull as Global Economic Engine Fires Up
- LME inventories have been drawn down to lowest since 2008
- Hedge funds return to metals after staying on the sidelines
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Global growth is on a tear, and that can only be positive for metals prices.
That’s the message coming from the industry ahead of LME Week. For the first time in years, optimism is widespread among traders, smelters, miners and brokers gathering in London, buoyed by a combination of strong growth across the world’s key demand centers, supply curbs in China and a return of investor interest.