The Escalating War In Ukraine Has Sparked A Boom In Base Metals

To say the situation in Ukraine — and its impact on metal prices — is constantly evolving situation would be an understatement. No sooner is the position defined when new developments put previous assessments out of date. Nonetheless, we will do our best to address many of the developments as they are evolving this week.

European metals markets in flux as Russia-Ukraine war weighs on metal prices Firstly, as we think about metal prices, let’s look at metal supply. Both Russia and Ukraine are significant metals exporters and major…