Jan 12 (LTIT) –The latest industry report published by Fitch Solutions noted that the Chinese economic data is likely to stoke volatility in metal markets, both from a price or actual trade flow perspective.

Fitch noted that the slowdown in operations and falling metal prices on account of Covid-19 pandemic cast a shadow on mineral production growth by the Asian region in 2020. However, the worst times are over and the mineral production is likely to report recovery during the current year, primarily led by China. Accordingly, the mining industry value growth, which contracted by 3.4% in 2020, is expected to record marginal growth by 1.8% over the prior year in 2021.