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Switched On

Things to Watch: Aluminum, Copper and Steel

Jan 29, 2024
Discussion on the impact of China's property market slump on steel demand, the importance of copper and aluminum in the energy transition, and price forecasts for iron, copper, and aluminum in 2024.
15:29

Podcast summary created with Snipd AI

Quick takeaways

  • Continued slump in Chinese property market to impact steel demand in 2024.
  • Expansion of electricity grids to drive copper demand, while surge in solar power capacity to impact aluminum market.

Deep dives

Steel Demand and the Chinese Property Market

The continued slump in the Chinese property market is expected to have an impact on steel demand in 2024. Despite the Chinese government's efforts to rescue the sector, it will take longer for the industry to recover. However, sectors like shipbuilding and clean energy infrastructure are likely to drive steel demand growth globally. Emerging Asia, Europe's manufacturing sector, and the US manufacturing revival are also expected to contribute to positive momentum in global steel consumption.

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