Steel News

We strive to let you one step ahead of the market.

Moody’s: Base metal industry to slow down in next 1.5 years

5 Jul 2019 15:05 reported by Fiona Chang

A A A
According to the report, according to the trade tension between the US and China, the NAFTA uncertain situation among the US, Mexico and Canada, as well as the slowdown in global economic conditions, the global metals industry performance will be diminished.

Moody’s also boldly assumed that the prices will keep below the 2018 level since increasing cost pressure will compress the margin, and the industry’s future trend will focus on replenishing resources and lowering capital spending.

However, along with the recovery of the company finance and the needed new greenfield mine to reach production, it was still essential to develop a new mine supply for copper, nickel and zinc.

Back to Steel News

Related News

Chinese iron ore price index rises on Aug 22

  • Raw material
  • 23 Aug 2019 13:50

Chilean Codelco shuts down Ventanas smelter for overhaul

  • Raw material
  • 23 Aug 2019 13:22

INSG: Global nickel market supply shortage reduced to 5,100 tons in Jun

  • Raw material
  • 23 Aug 2019 13:18

WBMS: Global zinc market in short supply of 78,000 tons in H1 2019

  • Raw material
  • 23 Aug 2019 13:17

BHP Billiton: Global copper demand to grow steadily

  • Raw material
  • 23 Aug 2019 13:16

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,246.00
  • 2,246.00
  • Aluminum
  • 1,738.00
  • 1,766.00
  • Copper
  • 5,667.50
  • 5,690.00
  • Nickel
  • 15,750.00
  • 15,700.00

Learn more

Coil Exchange Center

  • 2B Coil-Sep
  • 2,530
  • 2,390
  • NO1 Coil-Sep
  • 2,480
  • 2,340
  • 2B Coil-Sep
  • 2,530
  • 2,390
  • NO1 Coil-Sep
  • 2,480
  • 2,340

Learn more