The Winners and Losers From Surging Oil and Commodity Prices
The cost of what the world produces is rising. We look at where that’s good and bad for economies, governments and investors.
Copper, used in everything from cars to washing machines and wind turbines, is trading at levels last seen a decade ago.
Photographer: Bartek Sadowski/BloombergYou’d think a world tiptoeing its way out of the coronavirus pandemic might only be good news for governments and economies. Yet the consequent surge in the price of energy, metals and crops is highlighting the strengths of some and the vulnerabilities of others.
Oil has climbed 75% since the start of November as major economies vaccinate their populations and reopen after the pandemic shut down factories and grounded planes. Copper, used in everything from cars to washing machines and wind turbines, is trading at levels last seen a decade ago. Food prices have jumped every month since May.