Iron gets more expensive in 2019
Iron ore was the most expensive of all raw materials on the market in 2019. The majority of raw materials and goods ended the year in plus too, as Paweł Grubiak, CEO and investment advisor at Superfund TFI, wrote. Gold and silver were not in the top 5 in terms of returns for investors.
The price of iron ore at the Dalian Commodities Exchange in China rose by around 140 percent, reaching a record in July. Just behind iron ore are palladium, Brent crude oil, and palm oil. All these raw materials achieved an annual increase of around 40-50 percent. Not far behind them, WTI grade crude oil also appears in this ranking, which has risen by about a third in the previous year.
Source: Business Insider