BMI View: Metals consumption growth in Brazil will be driven by the automotives, construction and infrastructure sectors as investment under Brazil’s Growth Acceleration Programme is ramped up throughout 2013 and 2014. We highlight preparations to host the 2014 FIFA World Cup and the 2016 Olympic Games in Rio de Janeiro. We foresee strong metals demand growth on the back of our forecast for 3.7% economic growth on average per annum from 2013 to 2017. Consumption To Exceed Production We believe metals demand will remain strong. After a disappointing 2012, in which overall economic growth slowed and fixed asset investment stalled, …
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