Metals market watchers upbeat on 2023 price, demand prospects after sluggish start hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Whoever first uttered the expression “May you live in interesting times” must surely have envisioned today’s US metals markets. The saying – part blessing, part curse – is an apt summation of current times. From pig iron to nickel, aluminum to steel, US pricing has soared once again on geopolitical events, supply chain strains and .
Governments and regulators may need to act to avoid possible critical shortages in the metals markets, global trader Trafigura’s CEO Jeremy Weir said. The situation regarding supplies “at the moment doesn’t look good,” Weir told delegates at the FT Global Commodities Summit in Lausanne. Tightness could be alleviated by governments offering fiscal stimulus or shortening .
Chinese companies are setting up more alumina production facilities in Southeast Asia and moving away from mainland China because of the country's strict focus on curbing energy use and to combat rising production and labor costs, market participants told Fastmarkets.