• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Moody’s upgrades global metals, mining outlook to stable

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
54
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Global Shipping Emissions Deal Sinks After Last-Minute Collapse

Silver Price Falls More Than 6% as Precious Metals Retreat

President Mahama to Launch $1.5bn Special Economic Zone, Expected to Create 60,000 Jobs

Moody’s upgrades global metals, mining outlook to stable

Moody’s Investors Service has changed its global Metals & Mining outlook to stable from negative as business conditions have modestly improved in the US and Europe and China ́s reopening of the economy supports demand for base metals, steel and coal.

Despite the change in the outlook, Moody’s maintained its 12-month price assumptions and medium-term sensitivity ranges for all commodities except coal.

SIGN UP FOR THE ENERGY DIGEST

SIGN UP

“We are changing the sector outlook to stable from negative because credit fundamentals will not deteriorate over our outlook period, but will remain volatile, and in certain cases will improve,” Moody ́s Investors Service senior vice president Barbara Mattos said in a news release.

“EBITDA will decline for the roughly 40 largest rated metals and mining companies during the coming 12 months on a rolling 12-month basis but this decline reflects an anomalously high base of comparison, not a weakening of fundamentals,” Mattos said. “Metal commodity prices will remain volatile and historically high during the outlook period responding to economic growth and activity indicators in China and major economies.”

Base metals show signs of improving demand while tight inventories support their prices; aluminum prices will persist above the historical average through early 2024, based on, among other factors its expanding role in clean-energy; copper’s historically low inventories and ongoing industry supply disruptions will support its price; nickel will be in surplus in 2023, but incremental growth in demand from electric vehicle market will create supply deficits, while zinc prices will be supported by tight supply, low inventories and higher energy costs displacing high-cost producers, Moody’s said.

Prices for iron ore will ease further through at least early to mid-2024 as world supply gains start to outpace demand, Moody’s said, adding that reduced production guidance from iron ore producers in Brazil and Australia will support prices for at least the first half of 2023.

Moody’s noted that steelmakers will generate historically strong earnings and cash flow in 2023 but economic growth and steel demand will likely weaken through the year as higher interest rates mute growth in steel-consuming.

An expansion in India’s steel production and improving economic conditions in China will support met coal prices in 2023, offsetting some risk to demand elsewhere, according to the report. Thermal coal prices will exceed historical averages through early 2024, but the record prices of 2022 were unsustainable.

Moody’s said precious metals will generate strong demand but also involve high production costs while and platinum group metals remain steady.

Tags: mining outlook to stableMoody's upgrades global metalsMoody's
No Result
View All Result

Highlights

Ghana’s Oil Revenues Under Pressure: NorvanReports Xspace to Probe Whether Petroleum Can Still Power Development

Ghana Unveils 500,000-Job Plan Through Expansion of Economic Crops

GPL: Medeama and Samartex share spoils in Tarkwa thriller as Dreams FC secure first win of the season

Premier League: Postecoglou Sacked After Forest Defeat; Arsenal Stays Top with Win at Fulham

Verstappen Clinches Pole Position for US Grand Prix in Austin

Let’s Collaborate to Exploit Full Potential of AfCFTA – Mahama to Grenada PM

Trending

Business

Global Shipping Emissions Deal Sinks After Last-Minute Collapse

October 19, 2025

Global Shipping Emissions Deal Sinks After Last-Minute Collapse A decade-long effort to make the shipping industry the...

Silver Price Falls More Than 6% as Precious Metals Retreat

October 19, 2025

President Mahama to Launch $1.5bn Special Economic Zone, Expected to Create 60,000 Jobs

October 19, 2025

Ghana’s Oil Revenues Under Pressure: NorvanReports Xspace to Probe Whether Petroleum Can Still Power Development

October 19, 2025

Ghana Unveils 500,000-Job Plan Through Expansion of Economic Crops

October 19, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.