you gotta get out of this tribalism rut and stop blaming politicians for everything
Commodities typically respond to changes between import prices and the U.S. dollar. The weakening of the U.S. dollar correlates to factors such as geopolitical uncertainty, international trade and tariffs, all of which contribute to increasing prices. For example, as a consequence of the weaking U.S dollar, the prices of minerals such as tin, antimony and lead have increased.
Commodity prices greatly impact manufacturing costs. For many companies, increasing their prices is not about increasing profit margins. Unfortunately, they cannot absorb the increases and continue to stay in business.
Supply Constraints
When supply cannot meet demand, price increases will typically follow. China recently announced that it is restricting the export of antimony, which is on the U.S. critical minerals list. Effective September 15, anyone wanting to export the mineral will have to apply for a license. As a result of supply shortages, the cost of antimony has increased 200 percent as of August 2024.
Tin has also been affected by current constrictions on supply with a reduction in volume of the mines. Tin prices remain elevated compared to historical levels, propelled by production problems in Myanmar, Indonesia and the Democratic Republic of Congo, which account for 43 percent of global supply.
In this blog, learn how pressures such as energy costs, labor shortages and supply chain disruptions are impacting battery pricing.
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do some research instead of jerking your knee
comrade stalin