Metal Prices Dropping at George Evangelina blog

Metal Prices Dropping. Metal prices are forecast to fall by 8 percent in 2023 and a further 3 percent in 2024. The largest price declines are forecast for tin and zinc, with drops of 23% and 20%, respectively, in 2023. The prices of base metals like copper rise and the prices fall for precious metals like gold when the economy is doing well. Copper settled wednesday at the lowest price in more than three months, marking a drop of more than 20% from record highs in may,. Slowing demand in construction and manufacturing in the u.s. Key metals extended their fall, weighed down by the strengthening dollar, rising real yields and another lockdown in china. And around the globe have pulled steel prices lower for months.

Chart How metals prices performed in 2021
from www.mining.com

And around the globe have pulled steel prices lower for months. The prices of base metals like copper rise and the prices fall for precious metals like gold when the economy is doing well. Metal prices are forecast to fall by 8 percent in 2023 and a further 3 percent in 2024. Key metals extended their fall, weighed down by the strengthening dollar, rising real yields and another lockdown in china. Copper settled wednesday at the lowest price in more than three months, marking a drop of more than 20% from record highs in may,. Slowing demand in construction and manufacturing in the u.s. The largest price declines are forecast for tin and zinc, with drops of 23% and 20%, respectively, in 2023.

Chart How metals prices performed in 2021

Metal Prices Dropping Slowing demand in construction and manufacturing in the u.s. And around the globe have pulled steel prices lower for months. Metal prices are forecast to fall by 8 percent in 2023 and a further 3 percent in 2024. Key metals extended their fall, weighed down by the strengthening dollar, rising real yields and another lockdown in china. The prices of base metals like copper rise and the prices fall for precious metals like gold when the economy is doing well. The largest price declines are forecast for tin and zinc, with drops of 23% and 20%, respectively, in 2023. Copper settled wednesday at the lowest price in more than three months, marking a drop of more than 20% from record highs in may,. Slowing demand in construction and manufacturing in the u.s.

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