Monthly Ferrous Futures Report – August 2021
Ferrous futures complex was generally weaker across the board in August with Iron Ore once again sold off, losing 25% MoM (Month-on-Month) to 159 and Turkey Scrap -6% MoM to 454, whilst … Read More
Insight
Metals Industry Faces Worsening Global Shipping Crisis
The continuing global shipping crisis has widened dislocations between regional physical metal markets. Soaring physical premiums in the US and Europe and severe imbalances in global metal inventory distribution reflect the growing … Read More
Lead Market Outlook Challenged By Conflicting Regional Drivers
The LME lead price has risen higher overall since June amid falling LME inventories and physical tightness in the US and Europe. Shipping issues have so far shielded LME prices from significant … Read More
Monthly Ferrous Futures Report – July 2021
Ferrous complex saw inputs of scrap and iron ore fall whilst semi-finished HRC and Rebar were higher. Notably Iron Ore was sold off losing 18% value over July. Turkey Scrap was weaker … Read More
Wild Weather Highlights Metals Industry Climate Risks
While metal demand opportunities from decarbonisation have captured investor’s attention over the last year, the extreme weather observed globally in recent weeks highlights the growing influence that climate change itself is likely … Read More
Metals Exposed to Asia Growth Risks and Virus Surge
Stalling growth in China’s economy and the rampant spread of the Covid-19 Delta variant across Southeast Asia threatens the base metals outlook. While at face value China’s RRR cut could boost risk … Read More
How Can The Tin Market Recover From Pandemic-Era Shortages?
The ex-China tin market remains in the grip of the severest physical shortages in recent memory. Driving tightness is strong pandemic-era demand for electronics and electrical goods, supply disruption across top tin … Read More
Decarbonisation Push Transforms Aluminium Narrative
Since the onset of the global pandemic, decarbonisation has become a core pillar of government policy for most major economies. Aluminium is likely to see strong demand from low-carbon technologies and constraints … Read More
Metals Industry Facing Rise in Resource Nationalism
Resource nationalism is the inclination of governments to seek greater control or revenue from natural resources in their territory. This is on the rise due to economic, nationalistic, and strategic factors amplified … Read More
China in Struggle to Curb Commodity Price Appreciation
China policymakers have taken strong verbal action to tackle inflationary risks from surging commodity prices. This has moderated bullish speculative enthusiasm for metals, but could be short-lived; China lacks meaningful options to … Read More