INFLATION CAUSES HUGE FOOD PRICE HIKE BUT CANS WILL SURVIVE, SAY EXPERTS

WORLDWIDE inflation is impacting the can making industry and its supply chain partners. Indeed, metal packaging prices have risen by at least 25% this year, according to industry association FoodDrinkEurope. A key reason has been soaring prices for energy used in manufacture, up more than 50% in 2022 according to the World Bank. Raw material prices have also risen, because of the sharp rise in energy costs with aluminium being a particularly energy-intensive base metal to produce. Aluminium prices rose recently with the World Bank predicting moderate growth from ...


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