Natixis - The Impact of U.S. Sanctions on Iranian Metal Exports

Report

Natixis

Bernard Dahdah

The Impact of U.S. Sanctions on Iranian Metal Exports

U.S . President Donald Trump announced on Wednesday that the U.S. administration would introduce a new set of sanctions on Iranian exports of industrial metals. The executive order issued by president Trump covers iron ore, steel, aluminium and copper exports . Market consensus is that the impact of these sanctions will be limited, with Iranian metal exports relatively minor when taken in context of the global market . However, due to supply disruptions in Q1 of 2019, we argue that both the copper concentrate and iron ore markets could be affected. E ven small disruptions on the supply side are able to support prices with current market conditions extremely delicate . However, in both cases, the impact on the markets mentioned will only be felt if China complies with the sanctions .

09/05/2019 3 EN

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Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

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Analysts

Bernard Dahdah

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The Impact of U.S. Sanctions on Iranian Metal Exports

Section 899: A tool to increase revenue or to change foreign tax policy?

ECB Takes Summer Pause to Preserve Monetary Policy Flexibility

La BCE en pause estivale afin de garder « l’optionalité » de sa politique

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