Commodity Price Bubble Finally Burst, but Metals Demand Will Surge

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