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Cadence Minerals

Iron ore to benefit from recovery in real estate sector

Commodity markets have rebounded strongly from the peak of the pandemic crisis. Part of the support has come from the real estate sector, where activity is even stronger than before the crisis began. In the short-term, this should boost demand for industrial metals. Strategists at ANZ Bank see iron ore and copper benefiting the most. 

Real estate is an important sector for commodities, accounting for as much as 40% of total consumption in mainly industrial metal markets. It also has important implications for downstream demand, as the wealth effect supports consumer demand for items such as cars and home appliances.

Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.