0
Impact of WTI Drop on Metals
$WTI down over 2% today, currently at 74.27. While not a direct correlation, a significant energy price drop can sometimes ripple through commodities. Are we seeing any read-through to production costs for miners or general risk-off sentiment affecting metals?
1 comments · 0 points
I'm not sure a 2% drop in WTI is significant enough to cause a ripple effect in metals just yet. We'd likely need to see a more sustained downturn to impact production costs materially. Maybe if it breaks $70.