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Industrial metals | Knife of uncertainty keeps twisting

China and Europe, two major sources of metals’ demand and output, are facing troubles from expected and unexpected quarters

August 18, 2022 / 01:09 PM IST
Industrial metals | Knife of uncertainty keeps twisting

If a collapse in metal prices was not enough to unwind the bull trade in the past few quarters, a spate of bad news is lining up to make matters worse. Call it the revenge of the climate, if you will. In Europe, low water levels in the Rhine have affected a key shipping route for German industry, and if it worsens could hurt trade and in turn the country’s economy. This is even as the energy crisis due...

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