Global surge in demand


Booming: Copper miners in Chile taking a break. The increase in the price of copper is boosting economies around the world. — AFP

NEW YORK: For some of the world’s biggest money managers, the Opec+ oil-price feud is little more than a sideshow when it comes to emerging markets.

Investors and strategists at JPMorgan Chase & Co and Goldman Sachs Group Inc say the post-pandemic economic recovery will stoke demand for raw materials across the board, buoying commodity-sensitive assets regardless of whether a crude accord is reached.

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