Headwinds Lead To Mixed Outlook BMI View: Our forecasts across the refined metals sector in the US remains mixed as the country’s economic recovery remains tenuous and long-term trends of declining consumption continue to play out. In the short term, we anticipate refiners and metal producers will continue bringing production back online as the country’s economic outlook improves, particularly in the construction and automotive sectors. That said, production and consumption will likely remain below pre-crisis levels as Chinese growth slows in H213 and eurozone uncertainty loom over the global economy. We believe slow but steady growth in the metals sector …
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