Despite fall, industrial metals seen rising in long term

Fall in prices of most industrial commodities in last few months is not a trend reversal

Metals, ferrous and non-ferrous have seen a correction in the last one month. All are down from their peaks seen in the early part of the year, except some like coking coal, aluminium, and tin. 

Why metals corrected 

In January, when Donald Trump took over as US President, most metals recovered sharply on funds going long, following his promise to spend $1 trillion on infrastructure development. Of late, fund managers have sold metals and booked profits on Trump not being able to push legislation and on recent geo-political tensions leading to growth worries — which is good for safe-haven metals like gold