“[EBITDA and prices] will remain higher than in pre-pandemic years but below the record-high levels seen in early 2022,” says Moody’s senior vice president Barbara Mattos.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) will significantly decline for producers of base metals, including copper, nickel, aluminum and zinc, Moody’s financial research experts said.
Moody’s expects copper miners to face EBITDA declines due to lower production volumes
in certain regions, higher input costs and lower prices. At the same time, low inventory levels and supply challenges in main copper-producing regions such as Chile and Peru will limit copper-price declines, it says.
Aluminum producers re expected to be the worst hit as prices for the have fallen drastically from recent record highs, while energy and key raw material costs remain high, particularly in Europe. This combination will reduce companies’…
