Inflation and war drive prices

Posted by Publisher Internet, Picture Gallery Monday, 7. August 2023

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Ukraine and Russia are also called the breadbasket of Europe. The Russia-Ukraine conflict is a strong driver of high food prices. And many developing and emerging countries urgently need imports from these two countries. In Canada, for example, food prices rose nine percent in June, even though the overall inflation rate was 2.8 percent. Part of the issue of food and nutrition is fertilizer. After all, without good fertilizers available in sufficient quantities, crops will not turn out well. Fertilizer prices are also expected to rise. For companies operating in the potash sector, this should ensure lucrativeness. In Africa, in Gabon, Millennial Potash – https://www.commodity-tv.com/ondemand/companies/profil/millennial-potash-corp/ – is developing its Banio potash project. Significant potash mineralization is available, as is good infrastructure and proximity to the important Brazilian market. Low-cost mining is expected.

It is always important for investors to look at the development of the gold price. Here, inflation and the key interest rate are likely to determine the way forward. If inflation continues to fall and interest rates remain at a reasonable level, then this should be good for the precious metal in terms of price. It would not be so beneficial for the gold price if interest rates were to rise further, but the end of interest rate hikes seems near. The average inflation rate worldwide in 2022 was about 8.7 percent. For the current year, forecasts assume a global average inflation rate of around seven percent. For the following years, the inflation rate is now predicted to fall further. We\-ll see, but gold investments are always worthwhile.

There\-s Skeena Resources – https://www.commodity-tv.com/ondemand/companies/profil/skeena-resources-ltd/ -, for example, with its prospective Eskay Creek and Snip properties coming back to life. They are located in the Golden Triangle of British Columbia.

Current corporate information and press releases from Millennial Potash (https://www.resource-capital.ch/en/companies/millennial-potash-corp/) and from Skeena Resources https://www.resource-capital.ch/en/companies/skeena-resources-ltd/).

In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.

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