Commodities Buzz: Glencore Says Outlook For Metals Is Complex

5 Aug 2022 , 03:01 PM

The global commodity giant Glencore noted in a latest update that the near term outlook for metals is complex as balancing supply risks, amid labour, water and energy shortages, supply chain disruptions, growing sovereign risk uncertainty and rising costs, against likely weakening end-use markets ex-China. There are some recent signs of China recovering from its Q2 trough, which could help to offset potentially weaker conditions in other key consuming markets. It noted that tightening financial conditions and a deteriorating macroeconomic environment present some uncertainty for commodity markets through the second half of the year. Powered by Commodity Insights