Plan for Decades of High Commodity Prices, BlackRock Says By Bloomberg – Investing.com

Plan for Decades of High Commodity Prices, BlackRock Says By Bloomberg – Investing.com

(Bloomberg) -- Commodities prices may stay high for decades as mining companies struggle to keep up with demand from the energy transition, according to BlackRock Inc.’s Evy Hambro.

Raw materials, and shares of some companies that produce them, hit record highs last year as massive global stimulus measures underpinned consumption. At the same time, the switch toward a greener world is creating fresh demand for metals such as , lithium and . 

That trend’s unlikely to change anytime soon, Hambro, BlackRock’s global head of thematic and sector-based investing, told Bloomberg TV on Wednesday.