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    Prices war: recession fears sink metals, on gas

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    Stop to polluting cars from 2035, ok to eco-fuels (ANSA)

    (ANSA) – MILAN, 01 JUL – The fears of a recession facilitated by monetary tightening to curb inflation are being felt today on the metal market, which has fallen sharply on the Lme, the London metal exchange. Copper, which slipped below $ 8,000 a ton for the first time since February 2021, is now losing 2.8% to $ 8,026, zinc 3.7% to $ 3.40, aluminum 1.9% at $ 2,400, nickel up 3% to $ 22,013. On the other hand, the price of European gas continues to swell, fueled by the cut in Russian supplies and the rush to fill deposits by operators: the futures in Amsterdam rise by 1% to 146 euros per megawatt hour. Even better is oil, which resumes rising despite the uncertainty on the economic outlook, with wti and brent up by more than 1.5 percentage points, respectively, to 107.4 and 110.7 dollars a barrel. (HANDLE).

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    Source: Ansa

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