BofAML warns of rising headwinds for commodities

Bank of America Merrill Lynch (BofAML) cast a pall on the budding optimism seen at the recent Prospectors and Developers Association of Canada’s yearly convention, in Toronto, saying that the commodity market, in general, is transitioning from tailwinds to headwinds this year. In its ‘Global Metals Weekly’ report, the group noted that mined commodities have held up moving into 2017, supported by supply discipline and steady demand.