Commodities Buzz: Metal Prices Seen Softening In Next Two Years Says World Bank

12 Jan 2022 , 12:05 PM

According to the World Bank, metal prices stabilized in the second half of 2021 following sharp increases in the first, but with significant divergence between most base metals and iron ore. Tin prices reached an all-time high, supported by continued strong demand from the electronics sector and supply disruptions. Aluminum prices were lifted by Chinas decision to limit production amid electricity shortages. In contrast, iron ore prices sharply declined from mid-year highs, as China curtailed steel production to reduce pollution, while copper prices also fell slightly from all-time highs, partly driven by slowing activity in China. After surging in 2021, metal prices are expected to soften over the next two years.

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