Tag Archives: nickel
Commodities Take a Break over the Northern Hemisphere Summer
The S&P GSCI fell 2.7% in August; renewed strength in agricultural commodities and the continued rally in natural gas were not sufficient to overcome a late-month decline in oil prices. After eight months, the benchmark commodities index is 32% higher YTD, defying higher interest rates and growing fears of a prolonged global economic slowdown. The…
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S&P Global Commodity Insight’s Mining Data Lays Foundation for the S&P Global Core Battery Metals Index
As mentioned in a previous post, S&P Dow Jones Indices (S&P DJI) partnered with S&P Global Commodity Insights (S&P GCI) to leverage its over 30 years of industry-leading Metals & Mining data and expertise in order to launch the S&P Global Core Battery Metals Index. As the index seeks to identify the key players in…
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Putting the Pedal to the Metal: The S&P Global Core Battery Metals Index
While electric vehicles have been attractive to environmentally conscious consumers for several decades, in recent years, they have come into their own as innovation has made them more accessible and practical. With the current prices at the pump, now more than ever, consumers are turning to electric vehicles as a greener and more economical option….
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Food and Energy Inflation Concerns Drive Commodities Higher in May
Record inflation prints, export embargos and import bans helped the S&P GSCI, the broad commodities benchmark, to post another monthly gain in May, ending the month up 5.1% and bringing its YTD performance to 47.0%. The ongoing disruptions to the flow of energy and agricultural commodities out of Ukraine and Russia pushed energy and grain…
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Commodities React to Conflict
Military and economic warfare rocked the financial markets in late February. Beyond the unthinkable human impact, the Russia-Ukraine conflict has had sizeable short- and long-term implications for commodities markets. The S&P GSCI ended the month up 8.8%, driven higher by fears over the continuity of energy supplies in Europe, the dominance of Russia as a…
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Commodities on the Front Foot in January
The strong inflation tailwind that supported commodities in 2021 has bled into 2022, as the S&P GSCI started the year on the front foot, up 11.6% in January. In contrast, the S&P 500® fell 5.2% over the same period. Inflation has traditionally helped commodity markets. Commodities have also historically been a good hedge against inflation….
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Commodities Rise with Inflation in July
The S&P GSCI rose for a fourth consecutive month, by 1.6% in July, as the main positive catalysts of 2021 remained in play. Many individual commodities constrained by supply chain bottlenecks and disruptions continued to be in deficit around the world. Half of the U.S. experienced drought conditions last month, compared to 25% this time…
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A Quiet End to a Strong Quarter for Commodities
The S&P GSCI will commemorate its 30th anniversary in April 2021 following one of the better quarterly performances in its history. Despite giving up some of its recent gains in March, the S&P GSCI rose 13.5% in Q1 2021. A robust, if uneven, post-pandemic recovery in economic activity, ongoing supply dislocations, and the global push…
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Commodities Start the Year on the Front Foot
The headline S&P GSCI rose 4.9% in January, as the industrial portion of the global economy continued to bounce back from the first wave of the COVID-19 pandemic and lockdowns in 2020, and the prices of many agricultural commodities spiked higher on the back of record demand from Asia and the growing risk of grain…
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Strongest Annual Performance for the S&P GSCI Since 2007
The S&P GSCI ended 2019 up 17.6%. This was the S&P GSCI’s 10th-strongest performance since 1990 and its best annual return since the heights of the so-called commodity super cycle in 2007. Across the commodity markets, gains were driven by the petroleum complex and precious metals, while agriculture and livestock detracted from headline performance. Petroleum…
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