The recent fortunes made by investors in rare earth metals and gold are just two shining examples of what an extremely profitable investment class commodities can be. From aluminum and platinum to zinc and silver, oil and gas to cocoa and wheat, this Guide to Commodities from the Economist Intelligence Unit is a comprehensive overview of the forces at work in the world of commodities.
The price volatility of so many commodities over the past decade has underlined their economic importance and how dependent we are on them: the price of gold has soared to new peaks (before tumbling in the last few weeks) as currencies have endured a crisis of confidence, demand from China has pushed metal prices up, instability in the Middle East and North Africa has had its effect on the oil price and food prices have been increasing in parallel with worries about whether there is enough to feed the world.
The guide highlights the vulnerabilities of different societies and industries to the vagaries of commodity markets. For anyone who wants a concise guide and comprehensive overview of the commodities business and its impact on the world, it will be invaluable.
In addition to covering major trends and key changes in the markets, both past and present, it supplies you with proven tools for analyzing and taking full advantage of this ever-changing asset class:
- Focuses specifically on natural commodities classes, such as natural resources and raw materials, both mineral and agricultural
- Explores trends in the consumption and production of the commodities in question as well as the changing markets for those goods
- Describes how commodities prices have changed historically and in recent years and how they are likely to change in future
- Arms investors with an array valuable tools for analyzing market movements, timing trades and tracking and predicting price volatility
Guide to Commodities Table of contents:
Part 1: Market fundamentals
Part 2: Base and precious metals
Part 3: Energy
Part 4: Agriculture
The author, Caroline Bain, is responsible for the Economist Intelligence Unit‘s commodity coverage and forecasts. She manages an extensive network of analysts contributing to the EIU’s World Commodity Forecast reports on soft and hard commodities and energy. Before joining the EIU, she worked in fund management as an economist involved in asset allocation.