This is a classic market shock panic buying. Something newsworthy happens that will reduce the availability of some commodity rising prices slightly, the react

This is a classic market shock panic buying. Something newsworthy happens that will reduce the availability of some commodity rising prices slightly, the reaction is that people start trying to stockpile the commodity which further stresses the market and drives prices even higher, fueling more fears about shortages, and so on. Then the storage fills up and it wasn't really that big of a shortage in the first place so the demand utterly collapses. It's the same thing that happened to toilet paper back in early 2020. I only hope this accelerates the transition to renewable energy sources in Europe.