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1203 days ago

The iron ore is on the rise

Last week the steelmaking raw material hit $160, the highest since February 2013 and up 70% year to date. Even though people keep buying, many Chinses companies (the main buyers today), argue that this price is absolutely unacceptable and will not hold in the long run.

#Commodities
Iron ore for a record price

1203 days ago

Chart of the day -> The correlation between Bitcoin and Gold has dropped deeper into negative territory

Source: www.zerohedge.com 

#Commodities
Correlation between Gold and Bitcoin

1204 days ago

Futures on the rise: Copper, Aluminium, Carbon, Cobalt.

EV industry taking off; Tesla's latest move to the big league; battery storage; solar panels. All the necessary demand to push up futures on these essential components. Look at Aluminium for instance: Bloomberg.

#Commodities

1204 days ago

20 years of lumber price: new highs being reached

"Why is it so expensive?", you may ask. Good question, after all, it's only wood. The answer is rather simple. With a very low inventory and a high demand, the price of lumber has increased 60% over the past 6 months. This is not only due to constraints imposed by the global pandemic, tariffs on wood from Canadian mills create an inflated price for American construction companies. 

#Commodities
timber commodity demande rise price

1204 days ago

Is the consolidation over for Silver?

Source: Crescat Capital 

#Commodities
Silver chart
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