Divergent Outlook for Non-Ferrous Metal Market

Posted in Industry News on 9th November 2009

Resident speakers at the recently held BIR Convention in Amsterdam have conveyed quite divergent and conflicting outlooks for the future of the non-ferrous metals market with regards to short term predictions. Many attendee"s remained positive however that markets would improve significantly in the long term.

Believing that the industry had experienced the worst of situations over the past year, there was widespread optimism for a sustainable improvement across the market as restocking of finished non-ferrous products take place, worldwide automotive industries improve and previously delayed construction projects are rejuvenated.

The modest outlook expressed by many has been briefly supported by recent announcements that government stimulus packages will be continuing into 2010 in order to provide some prolonged stability to the recovering metals market.

Despite the guarded optimism pervading the non-ferrous market, some critics were less positive, instead choosing to highlight topical doubts over the strength of domestic demand in China, the sombre mood within the non-ferrous market in Southern Europe and the 50% reduction in non-ferrous trading volumes within the US over the past year.

With conflicting views and predictions spread across the industry, many economic analysts will be carefully watching future trends and transactions to see if the non-ferrous metal industry really is over the difficult period.

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