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Metallurgy in the world
Main article: Metallurgy in the world
Russian market
Copper mining
Main article: Copper mining and production
2021
Dynamics of metal prices at the end of the year: tin is the leader
Tin is the best exchange metal with 93% growth in 2021.
Iron ore has suffered a tumultuous collapse from above $200 a tonne to below $100, amid waning Chinese appetite.
After a tumultuous 2021 dominated by a shrinking supply, China's real estate-related economic downturn and a global energy crisis hinting at coming disruptions, metals are in for a new drama.
The contours of the main drivers of 2022 are already visible. Dangerously low inventories have become a major theme for all metals, a trend that will continue into next year - especially if the global economy continues to improve.
Beijing's measures to stimulate the economy could create a solid foundation for China's steel industry, while the Fed's tightening policy and steady inflation will hinder price increases elsewhere.
Expectation of aluminum shortage in the global market
In July 2021, the oversupply of aluminum, which has dominated the market and held prices back for more than a decade, is expected to go away, with buyers bracing for a new era of shortages and rising prices.
Demand for aluminium is projected to grow thanks to investment in the fight against climate change, with mega-producer China tightening controls on aluminium smelting to meet green targets.
Notes
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