Commodity prices to remain high – Moody’s
Published On June 16, 2022 » 983 Views» By Times Reporter » Business, Stories
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By KENNEDY MUPESENI-
FINANCIAL research firm Moody’s Investors Service says in its latest outlook for metals and mining that most commodity prices will remain high for the time being.
Moody’s stated base metals prices will remain high and volatile, as prices for copper, zinc, nickel and aluminium, in particular, are reflecting low inventories and supply risks related to Russia.
The research firm stated the supply of base metals was tight even before Russia invaded Ukraine.
Moody’s expected prices to be lower from 2021 peaks, but believed those would remain high.

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