Goldman Sachs' Currie On Global Commodities Outlook

Jeff Curry discusses the outlook for commodity prices, initially predicting a 31% rally. He outlines three pillars: a cooling US economy, a resurgent China, and a recovering Europe. However, strong US macro data has created headwinds, affecting copper and gold. The oil market faces challenges from warm weather and gas price drops, but improvements are expected by June. Russian crude supply issues are analyzed, with involuntary cuts likely. Aluminium's structural story remains positive despite potential US bans, while nickel's outlook is neutral due to market overestimation.

What is the significance of the strong macro data in the US according to the economists?

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How does the discussion characterize the structural story of the aluminum market?

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What is the outlook for the nickel market as discussed in the text?

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