After ringing the death knell for commodity prices in the course of 2022 at the conclusion of 2021 and the beginning of 2022, consultants and experts' assessments have suddenly turned around.
Commodity prices have grown dramatically in the last year, indicating that this boom is not just attributable to Ukraine. It reflects growing demand and dwindling spare capacity as a result of years of poor mining investment.
Add in shifting supply chains, multibillion-dollar investments in green transformation, enormous infrastructure projects in the United States, Europe, and China, and new geopolitical issues between the East and the West, and you have a recipe for disaster.
This surge in demand could result in an unparalleled bull market in metals, with prices reaching multi-year highs before settling at a new level.
The materials and information on this article have been prepared or assembled by Viet Nam Steel and are intended for informational purposes only.