Metal price quotation

The production of cars around the world may stop as early as next year, as there are significant interruptions in the supply of magnesium in China— a key component in the creation of aluminum alloys used in cars. In this regard, the demand for aluminum is also falling, which showed multi-year highs — the metal has been getting cheaper since last week. Copper is also getting cheaper by almost 5% at the end of last week — for the same reason of the decline in demand in China. Precious metals are rising in price amid uncertainty in the stock markets. Kazakhstan is increasing the production of steel, copper and aluminum, and this is a good position, since in the long term these metals will grow together with the development of the electric car industry in the long term and the growth of demand for conventional cars after the crisis in the short term.