Equity Analysis /
United Kingdom

GB : Commodities - Overall - ‘Mate, why are you so bearish?’

    Tom Price
    Tom Price

    Analyst - Strategy, Accounting and Sustainability

    Yuen Low
    Ben Davis
    13 April 2022
    Published byCGS-CIMB

    a few weeks ago revealed 2 x types of Resources sector investors out there: 1. those who agree with our bearish view (but are taking the cash until things change); 2. those who think we’re way too bearish – given all the upside from here on rolling inflation shocks + confusion around the sanction-prompted diversion of Russia’s commodity exports. Here, we explain the bear pitch + check what’s driving the noisiest metal & rock markets right now…