Goldman also highlights that cyclical risks from the business cycle are fading.
An upswing in the global industrial cycle typically leads to broad metals upside over the next 12 months the investment bank added.
According to data from PIERS, a trade flow analytics tool within S&P Global, Baltimore port held just 4% share of the total trade volumes on the East Coast compared with other major regional ports like New York, with a nearly 38% share according to S&P Global.
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What the Baltimore Bride Collapse Means for Commodities