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Friday, December 17, 2021 10:32:51 AM
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The markets for key energy transition metals will remain tight into 2022 as market watchers upgrade their forecasts to account …
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Published 2 hours ago on December 16, 2021This article was originally published by Stockhead
The markets for key energy transition metals will remain tight into 2022 as market watchers upgrade their forecasts to account for the momentum behind the commodities.
But analysts for pricing agency Fastmarkets say metals for the electrification and decarbonisation narrative – aluminium, copper, lithium, cobalt, nickel and graphite – will be less volatile than 2021, when supply shortages and Covid-19 impacts caused massive price spikes.
“The energy transition – combined with the disruptive effects of Covid-19, a bump in the road for the commodity supercycle and, in the second half of the year, the signs of a coming period of stagflation – made for an interesting year, with record-breaking levels of volatility and record-high prices,” they said.
“In 2022, the energy transition is even higher up the agenda for governments, investors and corporates alike.
“Copper, aluminium and battery raw materials will be needed in ever greater quantities to build the electric vehicles (EV), batteries and power grids of the future.
“Despite growing demand from EVs in particular, we expect 2022 to be a smoother year, as the global economy continues to put distance between itself and the most acute period of the Covid-19 pandemic.”
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