Metals from Aluminum to Zinc Are All Flashing Tight Supply Right Now
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By Mark Burton – November 17, 2021
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“For the first time in more than a decade, six of the world’s most vital industrial metals are flashing a rare synchronized warning over tight supply, as logistical turmoil and strong demand spark anxiety among buyers.”
“From aluminum to zinc, spot prices for base metals on the London Metal Exchange are all soaring above futures — a condition known as backwardation — for the first time since 2007. Buyers are paying a premium for access to metal against a backdrop of plunging exchange inventories, supply-chain delays, production hiccups and surging demand for industrial commodities in everything from construction to consumer electronics.”
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https://www.bloomberg.com/news/articles/2021-11-17/from-aluminum-to-zinc-key-metals-are-all-flashing-tight-supply
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