The fundamentals of the non-ferrous markets are still strong, even if current indices are softer than anticipated. While demand remains softer in some areas to meet global emission targets, there is an acute demand for raw materials on the horizon (...)

• Steady increase in non-ferrous metals production over first seven months of 2023
• Prices of non-ferrous metals decrease year on year
• Imports of ore maintain growth but lower exports of processed materials

• New Zealand economy in holding pattern ahead of election
• Lower intakes and challenging conditions
• Australian policies easing stresses

• Lower-than-expected trade gains
• Generally bleak economic outlook
• Push to advance approval of rare earth projects

• Markets dampened by real estate concerns
• Copper scrap imports softer in July
• Electric vehicles help boost automotive production

• Growth in core industries hits 14-month high
• Borrowing at highest for a decade
• India’s copper consumption likely to triple by 2030

• GDP forecast revised upwards
• Concern over potential knock-on effect of UAW strike
• Significant decline in incoming volumes versus 2022

• Rupee is top-performing currency in September
• Demand for base metals in sharp decline
• Improved conditions expected in late 2023/early 2024

• Load shedding continuing to hamper economy
• PMI numbers worse than expected
• Deep concern surrounding debt levels

• Malaysia enforcing stricter scrap import/export regulations
• Processors gradually transforming into manufacturers
• Investors flocking to Thailand to explore scrap opportunities

• Automotive workers out on strike
• Federal Reserve rate hikes on pause for now
• Terminal metals markets relatively range-bound

• Industrial facilities generating less scrap
• More expensive loans resulting in lower levels of investment
• Suppliers in no rush to sell material

• Russia implements wide-ranging export tariffs
• Slower activity levels in Ukraine
• Polish businesses impacted by weaker German economy

• Substantial decline in the availability of scrap
• Copper prices follow steep ascent with pronounced fall
• Important to be proactive over Waste Shipment Regulation

• Unexpected slowdown in activity levels
• Employment hits a peak in August
• Difficulties persist for micro and small businesses

• Inflows into yards remain relatively low
• Uncertainty surrounding full impact of monetary policy tightening
• Persistently high inflation rates affecting economies

• Portugal’s GDP growth expected to slow
• Spain’s economy performing above EU average in 2023
• Unemployment rate a cause for concern

• September increase in trading and prices fails to materialize
• Merchants holding out for higher copper values
• Lead foundries still keen to purchase

• Inflation hovering around 3%
• Reduced availability keeps aluminium scrap prices high
• Concern over outlook for copper cathodes