The year 2020 has been the ultimate stress test for commodity market participants and will stay challenging amid significantly impaired consumer demand trends due to the Covid-19 pandemic, according to the chief executive officer of Concord Resources.
Mark Hansen said the economy is operating on 70-90% of its usual demand strength due to the pandemic, with huge portions of previously high-demand growth markets - such as aerospace and automotive - seriously affected."When you look at aerospace and automotive markets globally, it's going to be a while I think before we can really call true growth as having returned to consumer markets. There will be recovery, and we're probably back to a 70-80% level of recovery, but if we stay there for some time it...