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More Commodity Inflation Beckons as War Boosts Coal: Bloomberg Survey

  • Already elevated commodity prices set to rise further: survey
  • Coal, not renewables, seen likely to fill Europe shortfall
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The war, and pandemic fueled shortage of raw materials appears poised to fuel what’s already the biggest surge in commodity prices in decades, according to the latest MLIV Pulse survey conducted June 6-10. Bloomberg TV guests give their view for commodities on this week’s MLIV Pulse.Source: Bloomberg
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The global commodity business can get a whole lot more expensive -- and dirtier, too.

The war- and pandemic-fueled shortage of raw materials appears poised to fuel what’s already the biggest surge in commodity prices in decades, according to the latest MLIV Pulse survey conducted June 6-10. At the same time, demand for fossil fuels is only expected to rise as Europe seeks to shift away from Russian energy, dashing any immediate hopes that high prices will foster a shift to cleaner renewable sources.