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How To Play The Biggest Commodity Supply Squeeze In History
Metals prices aren’t just breaking records … they’re disrupting entire exchanges.
On Wednesday, three-month contract prices for nickel more than doubled in a matter of hours to over $100,000 per ton, causing the London Metal Exchange (LME) to suspend trading over what it called an “unprecedented” event.
Base metals across the board have continued to rise. Copper prices hit an all-time high last week, and Zinc has consistently broken records this month. Aluminum prices on the LME have increased by another 5% on Wednesday alone, on fears of a Russian supply disruption.
And gold has hit record highs of its own on the invasion of Ukraine’, not to mention high inflation. Some analysts even expect gold prices to triple over the next five years.
Russia’s war on Ukraine is roiling the metals markets beyond recognition …
That’s because Russia is a powerhouse supplier of so many of them, and now the rest of the world fears major supply chain disruptions.
That could be the perfect setup for North American explorers
Commodities Cheap As Reserves Reach Exhaustion
