EB, that is not totally correct. Global negatives can be a commodity positive.
The lockdown created a huge demand on tin prices. Miners unable to mine and huge demand for electronics due to work from home and home entertainment. This is point further backed up by looking at Tin prices during that period. I did point that out at the time but was berated, once again. Unfortunately the ignorant can not now deny the facts.
Re: Iron ore. During 2021 Ukraine was the world's 5th largest exporter of Iron ore. In 2020 Ukraine was the world's 5th largest export of grain and we all know how much news talks about the increase of grain prices because of the war. The same is applied to IO.
I would post up some links/articles and more info but working away again with just the phone.
Ann: Riley Iron Ore Mine Update, page-144
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