Prices
December 17, 2020
CRU: U.S. Zinc Demand Holds Firm as Covid-19 Cases Soar
Written by Sam Grant
By CRU Analyst Sam Grant
It is now clear that Joe Biden will become the new president of the United States in January 2021, yet he will need control of the Senate to implement his economic policy agenda. As a result, the contest for two Senate seats in Georgia on Jan. 5 will be crucial. If Biden gains a majority in the Senate, then his Build Back Better infrastructure bill could be a positive for U.S. metals demand next year. Recent new peaks in Covid-19 cases emphasize that the U.S. recovery still needs support, and we expect a second federal stimulus package of ~$1.5 trillion to be signed early in 2021.
