Industry - Global Industry Forecasts - Basic Metals
We have revised our basic metals production forecast for 2025 to 1.1% due to weaker demand prospects as the US dollar appreciates, trade frictions increase, and China’s economy structurally slows. Most metal markets have been oversupplied this year, and weaker margins and uncertainty will likely weigh on production. However, advanced economy production should improve as costs pressures subside and as the lagged impact of interest rate cuts supports demand.
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