NEW YORK (Bloomberg): Producers of raw materials who rely on China for the bulk of their sales are showing confidence the risks posed by the coronavirus outbreak may soon ease -- and are poised to benefit from a forecast demand rebound.
Iron ore shipper Fortescue Metals Group Ltd on Wednesday (Feb 19) added to guarded optimism expressed by BHP Group as well as a developing positive outlook from banks, including UBS Group AG, over the prospects for a sharp recovery in China’s growth from next quarter, a scenario that’ll spur commodities imports.