Forecast for the non ferrous market? find out more with Scenari & Tendenze

What is the global and Italian economic outlook? Will the prices of commodities keep growing? What is the forecast for the main non ferrous metals at the base of the production of aluminium bronze, bronze and brass?

These are just some of the most important questions that have been gripping us during this critical period, especially with regards to the commodities. As we already know, the pandemic has caused many problems with consequences on the economy and on the performance of different businesses. Let’s see them shortly:

• A gap between demand and supply: this was caused at first by the Chinese massive collection of raw materials and secondly by the increase of the demand in the other countries after the first phase of the pandemic. A demand which couldn’t be satisfied due to a shortage of raw materials, thus affecting all the supply chains;
• The increase in freight costs in international logistics which, as a consequence, led to a negative effect on the purchase prices of raw materials and on the planning of production activities;
• A rising inflation in the financial context.

These criticalities, together with increasing energy costs caused by the energy transition, cannot be ignored when it comes to future economic outlook. Furthermore, market volatility makes forecasting even more difficult in an ever-changing scenario. An example is the energy cost which has turned tables, despite the new situation of costs and raw materials, and has created difficulties for all the productive chains.

Thus, how can companies keep up to date on the current market trends and on their future development in order to organise their production chain? Here comes Scenari & Tendenze (lit. Scenarios & Trends) to support the companies and to answer their need for information. As usual our company will take part in this event.

What is Scenari & Tendenze and when was it born?

With the aim of understanding the trend and future development of the economy and of the markets, Scenari & Tendenze is a circumstances observatory which provides the participants with information concerning macroeconomic factors and the analysis of main markets. This quarterly observatory was founded in 2008 by the Commitee of Small Industry and by the Young Entrepreneurs of AIB. Today it is organised by Confindustria Brescia and the Chamber of Commerce of Brescia.

Why should companies join this event, in particular those operating in the non ferrous metals industry?

As already told, the circumstances observatory aims at supporting the companies in a period of great uncertainties by proving an overview of the following issues:

• The development of the international, national and local economy;
• Prices and trends of the main raw materials and markets (energy, plastic, metallurgy, iron and steel industry).

For the companies and refineries like RMG, which produce and sell copper based alloys, especially relevant will be the in-depth analysis of the current scenario of the main non ferrous metals quoted on LME and its possible development in the short term. These metals are the key elements of our production of bronze, aluminium bronze and brass ingots.

During the 36^th edition of Scenari & Tendenze, which will take place on 25^th November 2021, it will be possible to get further details and forecast concerning the non ferrous metals industry.

As usual, after the event we will provide a summary of the trend of non ferrous metals in our news section.