Pakistan
Most commodities - including non-ferrous metals - have been facing higher price volatility this year. Aluminium, copper and other forms of non-ferrous metal recorded price peaks in April but have been on a downward trend since May. With changes to US Federal Reserve policy and the stronger US dollar, there has also been a shortage of demand for metals. Sudden shifts on the foreign exchanges have also led to slower business activity.
We have arrived at a point where we are seeing the highest inflation numbers in a generation and where most countries are witnessing a serious economic slowdown. Meanwhile, China’s strict lockdown measures and the conflict in Ukraine have been causing further hurt to global supply chains that have yet to recover from the pandemic.

Aamir Malik
A.B.M. Corporation (PAK), Board Member of the BIR Non-Ferrous Metals Division
Country
