GIULIETTA TALEVI: As red flags mount, commodity traders are still dancing
While we love the good times, and the effect this has on profits for JSE-listed companies like Kumba, Anglo American and BHP, the fear that this will all end in tears is hard to shake
07 May 2021 - 08:30
There’s nothing quite like a bit of “supercycle” talk to get the commodity bulls all steamed up. And, as it turns out, there’s a lot to get frisky about in the markets right now — be it iron ore, copper, the rare metals used to produce batteries, lumber, or corn.
This week, the FM’s Lisa Steyn did some digging on what is happening to the iron ore price — which has in the past few days breached $190 a ton — in direct contrast the views of sceptics who’ve been saying for the past year the metal is overdue a dramatic correction...
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