RE: Commodities headed for a bull market22 Oct 2020 12:29
SP Angel morning viewToday 11:23
https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Thursday_22.10.20.pdf
Commodities headed for bull market in 2021 on inflation fears, stimulus - Goldman Sachs
• Reuters report Goldman are forecasting a commodity market bull run stoked by inflation and new demand driven
by additional fiscal and monetary stimulus.
• We agree.
• Goldman also forecast a return of 28% over the next 12 months on their commodity index though individual
commodities are likely to perform much better.
• We see junior mining companies offer good leverage to metals prices:
• Our top pics are:
o Copper (for stimulus demand and EV cabling): Arc Minerals, Empire Metals, Phoenix Copper,
SolGold, Strategic Minerals
o Titanium Ilmenite (for pigments and paint): BlueJay Mining plc,
o Vanadium (for hardening steel): Bushveld Minerals
o Lithium (Li-ion batteries): Savannah Resources, IronRidge Resources Ltd, Kodal Minerals plc
o Graphite & Graphene (Li-ion batteries): Talga Resources, Versarien, Renascor
o Nickel (Li-ion batteries & stainless steel): Amur Minerals, URU Metals Limited
o Rare Earth Elements (REEs for offshore wind farms and EVs): Mkango Resources Ltd, Rainbow
Rare Earths
o Gold (inflation hedge): Anglo Asian Mining, Altus Strategies, Chaarat Gold, Condor Gold, Scotgold
Resources Ltd
o Manganese (EV batteries): Keras Resources