SMM5 17: "the recent US President Trump's tariffs, Rusal sanctions and other policies have shaken the global metal trade and production." Rising global metal production costs and tight supply of raw materials have supported metal prices at high levels, "said LME Asia Metals Seminar in Hong Kong on May 14. Zhu Yi, Bloomberg's global head of metals and mining, said global basic metals prices could still be supported at high levels.
Zhu Yi also said that the following picture also reflects the rise in aluminum prices in China and rising raw material costs are closely linked.
Zhu Yi also reflects a status quo, large miners, such as BHP Billiton, Anglo American Resources, Teck Resources, Rio Tinto and other companies mine supply continues to be tight.
Zhu Yi also expressed his views on the hot topic of new energy vehicles. "the auto industry is already moving closer to light metal, and in the future the auto industry will use more aluminum than steel. Although the growth momentum of electric vehicles is strong, its market share is still very small.
