Currently under political, economic and currency pressure, Pakistan is witnessing weak demand for all major metals. High inflation is pushing regulators to increase interest rates, thereby hurting business activity and general spending.
Despite higher rates, copper demand remains firm globally and markets have shifted upwards on expected shortages. Aluminium demand has continued to be weak owing to anticipated higher energy costs in the case of a harsh winter.
Harsher winter conditions in the coming quarter will increase the chances of an even deeper crisis. Regional stability is dependent upon political stability.