If it upset the planetary economy in 2020, the Covid-19 had
“a limited impact on raw materials”,
summarizes Philippe Chalmin, professor at Paris Dauphine and editor of the benchmark report, Cyclops.
Of course, the notable fall in oil prices, and in the aftermath of gas, is linked to the paralysis of global activity.
But it was exacerbated by the price war declared in March by Saudi Arabia.
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On average, the prices of raw materials and agricultural products fell 19% last year.
Excluding oil and precious metals, they remained stable and the recorded declines were mainly due to the fall in demand.
From one market to another,
“the stories”
are very different, underlines Philippe Chalmin.
Rhodium, up 184% and palladium (+ 43%), popular with new technologies, suffered from the automotive crisis.
But they took advantage of stricter environmental standards and production problems in South Africa.
Lots of uncertainties
China alone
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