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Plan for Decades of High Commodity Prices, BlackRock Says

  • Investor says energy transition to drive higher metals demand
  • Hambro says mining companies remain undervalued by investors
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Evy Hambro, BlackRock International’s global head of thematic investing, says that commodity prices could remain at “very, very good levels” for producers for many years, and possibly decades.Surveillance: Early Edition.”

Commodities prices may stay high for decades as mining companies struggle to keep up with demand from the energy transition, according to BlackRock Inc.’s Evy Hambro.

Raw materials, and shares of some companies that produce them, hit record highs last year as massive global stimulus measures underpinned consumption. At the same time, the switch toward a greener world is creating fresh demand for metals such as copper, lithium and nickel.