Ideoli watch: prices of raw materials are skyrocketing
Global economic recovery and acceleration are in the reopening phases.
The prices of raw materials used to make almost everything are skyrocketing. Steel, copper, aluminum and lumber prices of materials are surging to levels not seen for years.
China has decided to cut output and clean up one of the biggest carbon emitters. As a result, the country is reducing production of key metals like steel and aluminum.. The rally threatens to raise the cost of products from the coffee tables to gleaming skyscrapers.
With vaccination rollout getting into gear, there’s little reason to expect a change in direction. The upward trajectory looks set to continue as the world economy roars back to life.
Ideoli advices its clients to order early to save on costs and time.
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