Russia’s invasion of Ukraine has sent shock waves throughout global metals markets. However, it’s important to remember that the most consistent longer-term driver of metal prices is Chinese demand. That’s why it’s surprising to see how little attention has been paid to the world’s largest consumer and producer of metals in recent months. It’s understandable for global news networks to focus on the atrocities uncovered in Ukrainian cities. It also makes sense to counter such reports with more encouraging news,…
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