The Globe and Mail reports in its Wednesday, Jan. 15, edition that Credit Suisse analyst Curt Woodsworth is "cautious" on the demand for commodities in 2020 in the wake of a global deceleration in the second half of 2019 in "major global demand centres," like China, India and the United States. The Globe's David Leeder writes that Mr. Woodsworth says in a note: "Many commodity verticals such as steel, copper, and iron ore supply growth are set to sharply accelerate in 2020-2022. We see a Phase I trade deal as having minimal implications for global metals demand and the next phase of China trade negotiations will likely remain volatile dynamic. Global demand is recovering on a seasonal basis as well as an end to destocking but underlying trends remain weak, in our view, this late into the cycle. China demand outlook for 2020 is tepid at best as the property market slows and infrastructure funding is questionable at the state level." Mr. Woodsworth raised Largo Resources to "neutral" from "underperform" based on valuation with a share target of $1.20, down from $1.40. Analysts on average target the shares at $1.93. The Globe reported on Aug. 17, 2019, that RBC rated Largo "outperform" when it was worth $1.56.