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12 May
15:19

Steel, power materials boast bright future: BofA

Bank of America predicts a multi-faceted rally in nearly all metals important for future technologies (MIFTs) for both the near- and medium-term, according to a report by commodity strategist Michael Widmer.  The rally has four main components - economic growth from fiscal stimulus, demand for MIFTs, supply shortages, and investor interest, Kallanish understands. Steel is benefitting from a situation where “strong demand has met carefully managed capac…
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