Industrial metal prices have just seen their biggest quarter of falls in many years, with the market reflecting exposure to China's COVID lockdowns, inflation, rising interest rates and stalled growth. The speed and magnitude of the fall was unexpected and partly reflects the sale of metal such as aluminium and nickel bought in anticipation of supply disruptions to material from Russia, which did not materialise, after it invaded Ukraine. "Metal supply is rising because it has been incentivised. Demand is slowing and the trend is for surpluses," said Julian Kettle, Vice Chair of Metals and Mining at ... (full story)