Metal markets are still yet to see the major flows of institutional capital into commodities that characterized past "super-cycles", fund managers told attendees of the virtual Fastmarkets Copper Seminar on Thursday March 11.
Commodities from oil to grains and metals have seen prices rise sharply since the start of the year, with bank analysts and executives like Goldman Sachs' Lloyd Blankfein calling a bull market that could be driven by post-pandemic investment in infrastructure, housing and low-carbon transportation.But while experienced participants have built up positions in the sector, macro-focused funds are yet to allocate in a big way, the executives said."Despite all the market excitement and improvement, we are yet to see new money coming to this market, it is still the game for the same old clique who survived from the last bear market," Scott Shi, head of global futures at Shanxi Securities International Financial Holdings, said.This could be...