Industrial metals are seeing a sharp increase in prices following expectations of large-scale infrastructure projects. Demand is up across the board, placing upward pressure on prices of key metals. Supply chains are struggling to keep pace with the surge in demand, further exacerbating the price increases.

Analysts believe government initiatives around the globe, designed to stimulate economies, are the primary driver behind this trend. These projects rely heavily on metals like steel, copper, and aluminum.

The price increases could potentially affect the cost of construction and manufacturing, but also provides opportunity for mining and metal processing companies.