Most metals markets are expected to move into a surplus this year, says research firm Fitch Solutions, noting that consumption is likely to decrease more than the decreases in production capacity, as a result of the spread of Covid-19. Although some operational hurdles, owing to government lockdowns, are affecting global metals production, the firm believes these will be “far outweighed” this year by the demand destruction from consuming sectors as a result of the global recession that is anticipated in the fall-out of the pandemic.
