Prices of most metals are expected to stay high through 2025, and metals companies like Alcoa, Century Aluminium and Brazil’s CSN are rising. S&P Global Market Intelligence said on Tuesday that “inflation fears and supply chain concerns” may be the reason why metals prices can be expected to remain high -- and metals stocks remain profitable -- over the next several years.
As S&P Global Metals and Mining Research team research director Mark Ferguson said that the greatest prospects for gains in more exotic metals such as lithium, cobalt, and nickel -- and relatively lower prospects for steel and aluminium.
He said that metals prices might slip in 2022 from their current highs as supply chains unsnarl. But even so, demand-driven medium-term supply constraints will remain as companies and countries demand ever larger supplies of metal to build out their hoped-for energy transition to renewable energy.
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