PRESS ROOM
Sharp pullback in industrial metals continues
Friday 17th June '22
Industrial metals are currently under the hammer. The pullback in prices started in April when markets started removing some of the geopolitical risk premium baked into prices. Neither US nor Europe have imposed outright bans on Russian exports of industrial metals. Sentiment has remained bearish for industrial metals in May and June due to weak industrial demand from China where the zero covid policy is still being pursued.