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As the Russia-Ukraine conflict continues, the metals industry is feeling the effects. Prices for metals have risen sharply amid high demand and supply chain issues, along with imposed sanctions against Russia.
With a full scale invasion of Ukraine now under way, stock markets, global trade, energy markets, and commodities markets are all registering the impact of a new geo-political reality.
In Europe, market constraints, extreme weather events, and geopolitical tensions have caused gas and power prices to skyrocket, creating an energy crisis that has left the region’s energy and industrial industries concerned.