“The quantities sold they showed a annual decrease of 1.6% between January and November 2022, with exports of 923,000 tons”, was expressed in the report. From it, it appears that “the volumes exported in 2022 will be the lowest in the last 25 years (only older than 1997)”.
The reasons for this phenomenon
HEIs indicated that this context “obeys the sharp drop in aluminum shipments in 2022 Yet the disappearance in the export of copper, due to the end of the useful life of La Alumbrera, a mineral that was until 2014 the main mineral exported in quantities”.
On the other hand, the report indicated that “after the high price reached in 2011 (record up to that time), the international metal prices exhibited a continues down until 2016 inclusiveto display a rebound between 2017 and 2021“Since that moment, the work indicates that the value of minerals at a global level remained stable.
“The index that groups the metal prices fell 1.3% in 2022but remained in high historical levelswith a heterogeneous performance in the prices of the main minerals and with annual records for gold and aluminum“, the IES report noted.
On the other hand, the text explains that, with respect to the gold and silver pricethe slowdown in inflation in the United States and the minor hardening expected of the monetary politics by the Federal Reserve, reversed the decline in the price of gold in December occurred between July and October.
Meanwhile, he indicated that “the go up in the prices of lithium carbonate obey the increased demand from China for the electric vehicle manufacturing (and the limited supply)”.
Source: Ambito
