Forecast for Commodity Prices & Lead Times to Increase in CY-2023
About this episode
The 124th State of the Fleet Industry video produced by Automotive Fleet offers insights into the state of the fleet market as presented by AF Editor Mike Antich.
Today's topics include:
- Production slowdown of finished commodities is due to labor shortages, not a decreased end-user demand.
- Steel prices have stabilized.
- Shortage of aluminum is anticipated due to simultaneous increased demand from both the aviation and automotive industries
- Copper prices forecast to increase in CY-2023 as automotive EV production increases.
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