From corn to crude and copper, commodities have enjoyed a stellar start to 2021 as investors scour the market for inflation hedges and bets on the “greening” of the global economy.
A fierce rally in copper has sent it above $9,000 a tonne for the first time since 2011. After a dramatic recovery, Brent crude on Tuesday briefly crossed $66 a barrel, the level at which it started a tumultuous 2020. And corn is up about 17 per cent since the start of 2021 to an almost eight-year high of $5.54 a bushel.
The S&P GSCI spot index, which tracks price movements for 24 raw materials, is up 17 per cent this year.
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