Jul 13, 2023
TOI-Online
Gold
In the commodity markets, gold is nearly always regarded as the preferred investment, particularly in India and other Asian nations. It has grown to be an essential component of the financial world and is one of the most valuable and ancient commodities.
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Crude Oil
Given that it is needed to make petrol, diesel, and other products in the petrochemical industry, there is always a high demand for crude oil. It is one of the most in-demand commodities on a global scale since it is crucial for economic development and growth.
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Aluminium
When thinking about commodities to invest in, aluminium is an additional choice. Because of its small weight and wide range of uses, the metal is currently in high demand in India.
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Silver
As a commodity, silver, another precious metal, has several characteristics in common with gold. Used in the jewellery trade and industry, rare, and consequently in high demand; generally seen as a secure investment.
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Natural Gas
Natural gas, the second fossil fuel discussed in this article, is utilised as a fuel and an energy source. Although it is a rarer substance and more expensive to source than crude oil, it too depends on supply and demand to determine pricing.
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Copper
One of the most popular and commonly utilised metals on the planet is copper. As a result, supply and demand are both high. The state of the local and worldwide economies has a significant impact on copper prices due to the considerable demand for copper in industry.
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Coffee
Coffee is a common agricultural product that is now one of the most volatile on our list. Brazil, Vietnam, Colombia, Indonesia, and Ethiopia are the top coffee-producing countries.
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Soy Beans
Soybeans are widely used, high in protein and inexpensive to produce. The main producers are Brazil, China, Argentina and India.Iron Ore: Iron ore is widely available and a relatively easy commodity to mine. Historically, supply has matched demand, lending iron ore a relatively stable price.
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Corn
Similar to soybeans, maize is produced and consumed in large quantities, and its price is influenced by the market demand for the goods it is used to make. Environmental factors, their influence on the corn harvest, and the value of the US dollar may also have an impact on corn prices.
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Steel
Iron ore, carbon, and occasionally other components like manganese and tungsten are used to make steel. Additionally, it can be recycled using the electric arc method of furnacing.
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