Metal Stocks on the Up

Posted in Industry News on 26th January 2010

The turn of the decade has assisted a strong rally in metal stocks over the past few weeks with both ferrous and non-ferrous metals experiencing the New Year surge.

Experts have stated that the increase in stock prices is mainly down to a rise in the price of raw materials, particularly steel. Such escalations have seen the price of base metals such as copper and aluminium increase by up to 20% in the last two months.

With the global economy gradually recovering from two years of turmoil, the recent rise of metal prices has had a significant knock on effect on the stock rates of various metal holding companies across the worldwide market. Such rises could allow for a realignment of metal trading portfolios, as the rise has coincided with the annual renewal of raw material contracts.

Despite the initial positive response to the economic recovery, some experts are approaching the price increase with caution, stating that any negative market related news could impact on the prices of these stocks heavily. An absence of growth rates and inflow of bad news could result in a sharp fall of stock prices.

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