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Steel: weak infrastructure growth in China could dampen demand in 2023
The pace of growth in China's infrastructure sector is likely to be held back by a lack of funding from local governments and will pose a key challenge to the recovery of steel demand in 2023. As of 7 February, 15 provinces and cities have announced investment plans...
Steel: earthquake in Turkey will affect logistics, infrastructure and production
The devastating 7.8 magnitude earthquake that struck 10 provinces in Turkey on Monday, 6 February, with epicentre in Kahramanmaraş, caused numerous casualties, as well as infrastructure damage and severe logistical disruptions in the affected areas. The south-eastern...
Copper: price rises on Powell’s comments
Copper prices edged higher on Wednesday, buoyed by improved sentiment as investors interpreted Federal Reserve Chairman Jerome Powell's comments as less accommodative, while continued supply disruptions continued to support the metal. Three-month copper on the London...
Zinc: low stocks and the only metal currently in backwardation
Three-month zinc prices on the London Metal Exchange are trading at a strong premium to cash prices (backwardation situation - cash prices>3-month prices), due to buying fuelled by nervousness about availability in the LME as stocks have reached record lows....