2020 won’t have been such a bad year for commodities. Despite the Covid, some have reached new heights. Tiny rhodium, used for the manufacture of catalytic converters, saw its price soar by 180% in 2020, driven by environmental standards in the automotive industry. Behind, the price of palladium soared 43%. A traditional safe haven in times of crisis, gold gained 27%. The crisis made a major loser: oil, whose prices collapsed (-33% for Brent), victim of the fall in demand and the spring price war between Russia and Saudi Arabia.
Source: UsineNouvelle – Actualités A la une by www.usinenouvelle.com.
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