METALS & MINING


21/07/22 -"Slowdown woes trump inflation-hedge and green promises"

Pages
8
Language
English
Published on
21/07/22

EXECUTIVE SUMMARY

After the Q1 22 pricing euphoria – when markets were obsessed with commodities’ inflation-hedge and green virtues, Q2 22 was a brutal but much-needed reality check. Believing that multi-year-high / record-high prices would be sustained was too naïve an assumption, especially considering the brewing inflation and supply chain concerns. While all miners – irrespective of their underlying quality – have been hammered, more / newer headwinds cannot be ruled out. However, the current scenario should finally result in high quality re-emerging as the key criterion as the investor focus shifts to less-risky names.

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