If you’re looking for action, the commodities sector has traditionally been a good place to find it.
With wild price swings, massive up-cycles, exciting resource discoveries, and extreme weather events all playing into things, there’s usually never a dull day in the sector. That being said, it’s hard to remember a more lacklustre period for commodities than in the last couple of years.
For commodity bulls, the good news is that the sector is no longer tanking. The bad news, however, is that all the recent action has been in relatively niche sectors, as metals like cobalt, zinc, and lithium all have their day in the sun.
At the same time, the big commodities (gold, oil, copper) have all slid sideways, having yet to revisit their former periods of glory.