Robust metals price outlook softens in 2022 – reports

The global metals and mining industry outlook has changed from ‘positive’ to ‘stable’, with a new Moody’s Investors Service report finding that despite most metals prices exceeding historical marks, that doesn’t mean they will improve from current levels.

The high current price levels are expected to fade despite expected high overall demand for metals and mining throughout the period. Moody’s sees most base metals prices showing signs of steadying in 2022 after reaching historical peaks this year.

In its report covering the medium-term outlook for iron ore, steel, coal, aluminum, gold, silver, nickel, copper and zinc, Moody’s expects most prices would exceed historical marks.