2021 was a positive year for all the non-ferrous metals. Copper, aluminium and other minor metals were in high demand, pushing the markets to record levels. This high inflationary scenario was a concern for businesses in Pakistan in terms of maintaining supplies whereas the demand side definitely helped the markets.
Logistics issues are posing a real threat to the movement of non-ferrous metals: not only are shipping costs at all-time highs but also there is a global shortage of containers as a result of aggressive demand. This is concerning for all businesses looking to achieve a strong turnover as they are forced to wait in line every day for containers. Only stable future demand can help overcome this problem.
COVID and its newer Omicron variant are continuing to have a major impact but increasing vaccination rates around the world offer hope for better, more stable and business-friendly conditions in 2022.