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Ongoing volatility remains for the materials sector in March 2024. And that includes metals. This area of the market has seen ongoing dips and dives all over the place, though there are macro and micro issues at play.
Metals such as steel, copper, and aluminum have been quite volatile in particular. This comes from supply-chain disruptions continuing since the pandemic disruptions in global metal production and transportation. There has also been a rise in energy costs, and as metal is energy intensive, this has led to higher production costs.
Not to mention the geopolitical events such as the war in Ukraine, weighing on metal supplies and causing price spikes. Yet despite all this, prices in general are higher than pre-pandemic levels, with the future dependent on lower energy costs and increased metal production.
So the question is, should investors get in, or stay out?
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