- 🛢️ Crude Oil: Critical to the global economy. Huge daily trading volume (through futures and contracts). - 🥇 Gold: Love it or hate it, it's perceived as a hedge against inflation and economic [[uncertainty]]. - ⛏️ Metals: Important as a store of value and for industrial applications. Includes silver, copper and rare earths. - 🌾 Agriculture: Crops like wheat, corn, and soybeans are essential to global food production & trade. (Cocoa and coffee are included here.) - 🐄 Livestock: Beef prices are flirting with record highs because American cattle herds are at historical lows. Ranchers need capital to rebuild them. ![[Pasted image 20240429224846.png]] ## Breakdown 1. Resources - is the commodity --> Is the Supply 2. Exploiters - who get the resources & sell them --> Matching 1. Efficiency - Cost & Supply Chain 2. Advantage - Technology Exploitation & Discovery (Geographically) 3. Demand - Contracts, Long Term relationships 3. Users - who use it & for what --> Driving Demand ### Batteries 1. $LIT ### Timber ##### shifts - Supply Dynamic - constraints becuase of restricitions on deforestations - Monopoly aspect? - Demand Dynamic - Is it consistent - Is it replacable - Hemp / Bamboo? ##### companies to dd 1. West Frazer Timber 2. Tronox Holdings ### Metals ![[Pasted image 20210718180241.png]] 1. [[Aluminium]]