The resource supercycle arrives as the pandemic recedes
Ten years ago, commodity markets were gaining high exuberance in the supercycle as the Glencore commodity trader prepared for a $ 60 billion listing on the London Stock Exchange.
A decade later, a sharp rise in the price of key commodities is spurring China’s “structural bull market” across the sector with high demand, spending on post-pandemic recovery programs and “greening” bets on government spending. ”The global economy.
“Fortunately, if we see a fairly quick resolution [pandemic] The state of India, then in our lives we have not seen such a macroeconomic configuration, ”said Traadura chief economist Saad Rahim, one of the world’s largest independent commodity traders.
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CME starts trading lithium futures to tap EV demand
Artist’s rendering of futuristic highway lane that charges EVs as they drive. (
Commodities exchange operator CME Group launched on Monday a futures contract for lithium, seeking to capitalize on growing demand for the key ingredient in the batteries that power electric vehicles (EVs) and high tech devices.
Five tonnes were traded at the Lithium Hydroxide CIF CJK on the first session at $14.25 per kg. The price is settled against Fastmarkets’ assessment for lithium hydroxide, which traded at $12.50-$13.50 per kg on April 29. That was 6% higher than the f $11.50-$13 per kg it traded a week earlier.
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Some 25 per cent of the UK’s needs could be met from British supplies, according to BMI. But it is unlikely to ever be economically competitive with China’s state-sponsored supply chains, which the West has allowed to become dominant in recent decades.
“National security always comes at a slight cost,” said Alexander Stafford MP, the co-chair of the APPG on critical metals.
Cornish Lithium also promises to be more significantly more environmentally friendly than other mining methods, which have been linked to water and soil contamination, since it relies on existing pits and geothermal waters.
This could prove valuable as manufacturers look to clean up their supply chains, with talks already under way on creating a UK ‘trust mark’ for clean metals.