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Home / Metal News / Commodity Price Bubble Finally Burst, but Metals Demand Will Surge

Commodity Price Bubble Finally Burst, but Metals Demand Will Surge

Jun 5, 2023 17:12

Source:SMM

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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Commodity Price Bubble Finally Burst, but Metals Demand Will Surge

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025