2022 was a turbulent year for commodities, those boring products from which everything we consume, build and eat is made. The invasion of Ukraine, Covid in China, and the disruption of supply chains affected the price of these products during 2022, something we felt in our pockets through that ghost we thought forgotten but which has returned: inflation.

ANSWER

Coal. Together with natural gas, these are the two energy sources that closed 2022 with an average price 150% higher than in 2021.The price of coal, reflecting the energy crisis that has hit Europe as a result of the conflict in Ukraine, closed 2022 with average prices 150% higher than in 2021. Metals, in general, showed declines, but this is a scenario that is beginning to change in 2023with energy commodity prices below the 2022 average and metals prices starting to show signs of recovery.