Here’s 3 Commodities Primed For Triple Digit Gains In 2024
As demand surges and the world needs more Copper and Uranium fast – there’s one big problem.
Global supply is shrinking at a record pace off the back of a “triple deficit” – low inventories, low spare capacity and low investment.
Cocoa’s Meteoric Rise: Unveiling the Hidden Gem of Agricultural Markets
Meanwhile, over in the Agricultural market – Cocoa has been hailed as a “hidden gem” by analysts at GSC Commodity Intelligence.
This week, Cocoa prices soared to a new all-time record high of $12,000 per tonne. Just to put things into perspective – Cocoa prices are now more expensive than Copper for the first time in two decades.
Cocoa prices are up over 200% from their opening price of sub $4,000 per tonne at start of this year and have more than quadrupled in the short space of four months.
But more impressively, Cocoa prices have now chalked up a staggering gain of over 381%, from this time last year, when prices were trading at $2,495 per tonne.
And the rally might not stop there!
Whichever way you look at it, one thing is clear. The macro backdrop for Commodities in 2024 is looking more bullish than ever before – and it certainly won’t take much for prices to breach new record highs in the coming weeks and months ahead.
