Green metals bust to get worse

Wednesday, 18 October 2023

We have warned of this for some time. Goldman has more.

1. LME Week’s heavy tones. Over the past week, industrial metals marketparticipants gathered in London for LME Week 2023.

In summary, the feedback from meetings appeared to point to both the ex-China supply chain and the demand environment as being significantly constrained by the high interest rate environment.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.