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.