European, U.S. demand have become key drivers of metal prices-Trafigura chief.
Demand from Europe and the United States has become a key driver of global metal prices, along with that from China, as a rise in electrification in those regions boosts appetite for metals, Trafigura’s executive chairman said at a summit in Singapore.
Jeremy Weir told the FT Commodities Asia Summit on Wednesday that prices had previously been mainly driven by Chinese demand, which accounts for about half of the world’s metals consumption.
