Reported about 10 hours ago
This week, global commodity markets are heavily influenced by the returning La Niña weather phenomenon and rising agricultural prices. The UN reports a reversal in the decline of food prices, driven by increased costs in key commodities like vegetable oils and meats. Additionally, concerns over impending tariffs are causing a surge in metal inventories in the US, while liquefied natural gas prices maintain a significant premium over oil due to colder weather and supply issues. Finally, the lithium market continues to struggle with oversupply and stagnant demand in the electric vehicle sector.
Source: YAHOO