Market Trends October 2022

Big news this month is of course the weakness of our NZD, now affectionately known as the “South Pacific Peso”, against the USD. This is having an immediate impact on the cost of landed goods, and will of course impact everyday goods such as appliances, vehicles, and electronics. Lithium pricing has again risen (not as sharply this time) but it is certainly heading in the wrong direction. EV’s are becoming more and more popular globally, but the Lithium mines simply cannot keep up with demand… It will be interesting to see where the market, and potentially government policy, goes regarding EV’s over the coming years.