The demand for form commodities will weaken with a slowdown of economic recovery, and supply will be partially eased.

Citigroup especially showed its optimism on short-term nickel prices, predicting that the price will reach US$20,500/ton in the next three months under the expectation of tighter spot supply.

Besides, Citigroup was also optimistic about the long-term aluminum and copper prices, partly due to stronger demand for power generation and transmission, passenger cars, electric vehicles, and consumer goods, as well as the limited supply.