Citi bullish on commodities but warns of risks
It flags increasing concerns over slowing growth in China, currently the top consumer of metals, energy and grains
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THERE'S much to encourage commodity investors in 2018, if they can keep a wary eye out for wildcards including China, according to Citigroup Inc.
Demand gains will be sustained through next year and in 2019, lifted by emerging markets as well as advanced economies, the bank said in a report. While there may be a slowdown in China, the top consumer of metals and energy and grains, stricter environmental standards and pressure to support bank balance sheets by eliminating over-capacity and curbing a glut could lead to tightness in some commodities, according to Citigroup.
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