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Various central banks made different monetary policy decisions during the week, but a common theme was the possibility of more extended periods of elevated interest rates.
Going ahead, as the traditional demand drivers of industrial metals have stalled, the short-term price outlook remains under pressure. Though the new demand areas like the clean energy sector are on the cards, they are unlikely to boost prices in the immediate run.
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The Bank of Japan's (BoJ) policy will be closely monitored after Governor Kazuo Ueda hinted at the possibility of ending negative interest rates earlier