Commodity Price Bubble Finally Burst, but Metals Demand Will Surge

Published: Jun 5, 2023 17:12

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According to foreign media reports on June 1, the epic commodity bull market starting three years ago has witnessed commodity prices hitting decades-highs.

Now the bubble has finally burst. Demand for cobalt, used in many battery types, will jump by about 70%. Demand will rise sharply for commodities used in electric vehicle and battery such as copper, manganese, iron, phosphorus and graphite.

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SMM Daily Comments (Jun 8): Base Metals Closed Mixed with SHFE Tin Plunging, Iron Ore Soared, Oil Rebounded

SMM Daily Comments (Jun 7): Base Metals Mostly Rose, Ferrous Metals Dropped, Oil down as Russia Dumps Cheap Oil

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Commodity Price Bubble Finally Burst, but Metals Demand Will Surge

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