Up, Up, Down, Down: Which commodities won and lost in August?

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Uranium, lithium and coal are the big winners and energy shortages and the green energy transition emerge as the key thematics in August

Iron ore, copper, gold, rare earths and nickel all hammered late in August by China’s Covid lockdowns

The story last month? Winners, energy, losers the rest, as the twin pillars of Russia’s invasion of Ukraine and China’s startling economic slowdown wreak havoc on global commodity markets.Policies to encourage the take up of low carbon energy and electric vehicles are driving gains for uranium and lithium.But energy shortages are also keeping thermal coal prices at absolute record levels, fetching more than US$400/t.At the same time a wave of Covid cases late in August sent industrial and bulk metals wedded to Chinese economic growth to the dogs, plunging hard commodities into heavy losses.Here is your list of winners and losers […]

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