Escalating Middle East conflict raises downside risks for metals, UBS says

Escalating Middle East conflict raises downside risks for metals, UBS says Proactive uses images sourced from Shutterstock Heightened geopolitical tensions in the Middle East and attacks on critical energy infrastructure are increasing the risk of a broader economic slowdown, posing near-term downside risks for most industrial metals, analysts at UBS said in a note. The bank said metals markets have yet to fully price in the potential economic fallout of a prolonged conflict, even as energy prices rise a ...