Metal prices in 2018 expected to grow - Coface

In 2018, metal prices should maintain an upward trend, and in 2019 a slight decrease is expected due to the expected global economic slowdown and overcapacity,  Coface report stated. From December 2017 to December 2019, the aluminum price is expected to grow by 2 percent. Copper price should go up by 2.4 percent, while nickel and zinc prices are projected to grow 18 percent and 14 percent respectively. On the other hand, steel prices are likely to drop by 19 percent in the same period, due to the increased surplus capacity and high production in China. In the Coface sector assessment, the metal industry remains one of the riskiest.