According to the article in the IMG Blog, there are four factors contributing to the increases in the metals price:
1. A manufacturing-based recovery.
2. Supply-side factors.
3. Expectations for faster energy transition and infrastructure spending.
4. Storability of metals.
https://blogs.imf.org/2021/06/08/four-factors-behind-the-metals-price-rally/
Image credit - IMF Blog
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