LNG, Coal Lead 2021 Commodities Rally as Markets Eye COVID-19 for Next Move

Record coal and natural gas prices led to a severe power crunch from Europe to India and China in 2021.

Naveen Thukral and Florence Tan, Reuters

Commodity prices from energy and metals to agricultural products rebounded sharply in 2021, with power fuels leading the rally, driven by tight supplies and a strong economic recovery as COVID-19 vaccinations staved off widespread lockdowns.

Global demand for commodities is expected to remain robust in 2022 and underpin prices as the world economy continues to recover, although similar price jumps are unlikely, analysts and traders say.

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