LONDON, Aug. 14, 2015 /PRNewswire/ -- Recent common and rare metal price increases have been driven by the anticipated growth of global durable goods manufacturing. China continues to be the fastest growing consumer of raw manufacturing materials including metals, and this trend is expected to continue through the decade.
Common metals such as steel and aluminum still dominate volumes but with thin margins due to the high level of global suppliers and the resulting competition. Larger profits are related to scarcer commodities such as rare earth and precious metals. Prices are higher because supply is limited through a small number of niche suppliers.
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SOURCE Moss Global Securities