Commodities primed for major week ahead

LONDON: Commodities investors will zero in this week on the tide of moves around the globe to ease the anti-virus lockdowns that have crippled economies. Raw materials may get a lift as the shackles are loosened from the United Kingdom and the United States to Australia, Germany and India. Among gainers on Monday, copper surged in London after a holiday-lengthened weekend.

In energy, there’ll be earnings from behemoth Saudi Aramco, as well as monthly market snapshots from Opec and the International Energy Agency (IEA). Metals investors get insights from Alcoa Corp and Rio Tinto Group as top miners present at a Bank of America Corp conference. Significantly, the event is virtual, offering a template for gatherings in the post-pandemic era.