Global markets are experiencing fluctuations influenced by several factors, including seasonal demand, technological developments, especially in the strategic metals sector related to digital transformation and clean energy, in addition to geopolitical and economic factors affecting global supply chains.
Cobalt, widely used in the steel and electric battery industries, has emerged as the highest riser globally, recording a significant jump of 28.5% last month.
Other precious metals also performed strongly, with palladium rising by 15.8% and lithium by 9.5%.
In the agricultural sector, soybeans topped the list of gainers with an increase of 8.2%, followed by Robusta coffee beans, which rose by 7.3%, and Arabica coffee beans, which rose by 3.8%.
In the US energy market, natural gas led the increases with a jump of 19.4%, while diesel fuel in London rose by 7.6% and heating oil by 6.9%.
In contrast, orange juice recorded the largest decline among global commodities at 23.3%, followed by the metal neodymium, which fell by 13.4%. (Russia Today)
