Rally in base metals in FY22 unlikely to be as strong as in

Rally in base metals in FY22 unlikely to be as strong as in FY21, says Sugandha Sachdeva of Religare Broking
Sunil Matkar
© Sunil Matkar
Rally in base metals in FY22 unlikely to be as strong as in FY21, says Sugandha Sachdeva of Religare Broking
Sugandha Sachdeva, Vice President, Commodity & Currency Research, Religare Broking, is of the view that base metals story is far from over but is unlikely to be as exciting in financial year 2021-22 as was in the previous year.
The unprecedented fiscal and monetary policy measures across the globe, weakening of the dollar and prospects of a powerful economic upswing following emergence of vaccines turbocharged the rally in the base metals pack in FY21, says Sachdeva. Though the gains in FY22 are not expected to be as strong, base metals complex, a key indicator of global economic conditions, is likely to move higher in the later part of FY22, she says.

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