I still feel the biggest bull case for metals is the supply constraints. 

Cost of new mines going up. Labour shortages.

You throw that into a world where oil is expensive and every country wanting to decarbonize.  Metal pricing going to stay here for a while i feel.

Even with the world reducing their demand, one biggest factor is that USA need to upgrade their infrascture.  Specifically their power grid.  They are in no way fit to electrify so many cars and their power demands.  Look at the power issue they had with the freezing in Texas last year.