Title: State of the Market: Mining Q3-2022
Duration: 1 Hour
Continued economic head winds buffeted metal prices in the quarter to September, and the macroeconomic outlook remains gloomy, with S&P Global Ratings downgrading global GDP growth in a recent update as governments seek to control inflation and the potential for recession increases in many jurisdictions. China, long the driver of global metals demand growth, is seeking to gradual reduce the country's greenhouse gas emissions – although energy security will be given priority — and there has been no relaxation in the Chinese governments zero-COVID policy; damping hopes of a strong economic recovery in Q4.
In contrast there was a more positive mood at LME week this year, around energy transition metals and the demand outlook over the next decade. Lithium concentrate prices reached new highs in the quarter and recent research from S&P Capital IQ Pro has highlighted the lithium project pipeline is insufficient to meet looming supply gap.
Join us to recap the September quarter, obtain our views for the remainder of 2022 and identify the key trends driving 2023.
S&P Global Commodity Insights produces content for distribution on S&P Capital IQ Pro.