In the current year, we have witnessed a gravity-defying commodity rally after the shuttering of Ukrainian ports, sanctions against Russia and disruption in Libyan oil production sent energy, crop, and metal buyers scrambling for replacement supplies. The price of copper doubled; wheat more than doubled while global indices of commodity prices almost tripled from April 2020 to March 2022.
Unfortunately, the prices of many commodities tumbled this summer led by crude prices which have crashed nearly 40% from their June peak. One commodity though…Lithium Is Up 220% And This Is What You Need To Know
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