The steel sector seems to be on the road to recovery, with companies increasing prices across all products this month on the back of better demand and rising global prices. The steel price trajectory is moving higher due to a healthy recovery and ever-increasing demand from China. ImpTrax expects a further increase in the coming…
With the coronavirus pandemic and the steep correction in the equities markets earlier in the year, investors are flocking towards safe-haven assets such as Gold and Silver. The market is seeing precious metal demand at multi-year highs. With the coronavirus lockdowns spreading worldwide, the supply chain of precious metals has been severely impacted. Many mining…
Japanese steelmaker Tokyo Steel has resumed steel exports to China for the first time in 10 years. China has a huge demand for metal due to a flurry of infrastructure projects in the country. Chinese imports of steel materials in July tripled to 2.61 million tons from a year ago, pushing up their prices worldwide.…
Industry giants expect world copper production to fall by approximately 7% in 2020-2021. The anticipated fall in volumes is due to impacts from a reduction in workforce-related to COVID-19 restriction measures. Copper Prices Continue to rise, and prices extend rally driven by steady Chinese demand and supply disruptions. ImpTrax Forward Price Curve predicts the copper…
The cost of personal protective equipment is skyrocketing — more than 1,000% in some cases — as the coronavirus pandemic continues. Productivity is down across the world, and demand for PPE products has increased to the level never seen before. Spike in COVID19 cases is also keeping demand for PPE products extremely high levels. We…