Commodity Prices Set for Potential Increases in 2024 on Demand Recovery and Supply Issues
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Oil prices could increase in 2024 due to supply constraints and recovering demand.
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Copper prices could take off due to low Chinese growth in 2023 and economic recovery.
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Uranium prices are already high and could rise further due to demand for nuclear power.
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Grain prices could spike due to reduced exports from Ukraine and dwindling global stocks.
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Other commodities like cobalt and lithium look well supplied currently.