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I personally have an impression, that commodity prices are a function of shocks. Gas prices in Europe, uranium prices in mid 2000s, lithium due to sudden EV dem
by mmiliauskas 3y ago
I personally have an impression, that commodity prices are a function of shocks. Gas prices in Europe, uranium prices in mid 2000s, lithium due to sudden EV demand, etc. World then adjusts, and prices "collapse" or rather stabilize. Basically, don't buy commodities when the price is high.
- taneq 3y agoThat always bugs me when these things are reported. Something goes up 30% in a year due to speculation and/or supply chain shocks, and then drops by 5% and it's "prices crash!" No it's still up ~25% year on year.
- mmiliauskas 3y agoIf media made well adjusted statements, it wouldn't be the media then wouldn't it :D
- lotsofpulp 3y agoWhich is why one should stick to obtaining their data from the source and ignore clickbait articles.
- ipaddr 3y agoYou are looking at different horizons. It might be up year over year but month over month if it trends down that information is more accurate as to where the future price will grow.
- j16sdiz 3y agoFor lithium, it was ~300% up in a year and back to original price in a few months.
- deleted 3y ago[deleted]