Why miners could do better in 2024 than many expect

Miners could fare better this year than many have been anticipating, despite global economic weakness, as Chinese demand at least holds metals prices stable. This would be excellent news for the major miners, most of which are in the midst of major capital programmes and already hurting due to rising costs. HSBC economists cited improved Chinese demand and the global energy transition as two positive price levers. Looser monetary policy later in the year could also boost prices.  ..