7 Hrs
Source:
Sky News
Climate shocks and commodity stability
The article discusses the impact of climate shocks on commodity markets, where increasing droughts, floods, and wildfires cause disruptions in the supply and demand of food, energy, and metals. Experts warn that markets are underestimating the risks associated with climate change, which could lead to greater price volatility, rising inflation, and a threat to global food security. The main effects include a decline in agricultural production due to rising temperatures and droughts, higher shipping costs caused by disruptions in waterways, and increased demand for clean energy metals such as lithium and copper, with some countries holding stockpiles imposing export restrictions. Additionally, these developments are expected to alter global trade networks and increase reliance on sustainable sources that are less affected by climate change.
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