S&P Global Ratings have increased some of their metals price assumptions from record levels to reflect an even tighter supply-demand balance because of the Russia-Ukraine conflict. Metals prices have spiked with the confluence of energy transition, a strategic reconsideration of access to metals and industrial capacity around the world, and fundamentally tight supplies.
Review S&P Global Ratings metal price assumptions on nickel, zinc, gold, iron ore, metallurgical coal and thermal coal, in light of the Russia-Ukraine conflict.