Kai Risdahl

Commodities is where the opening stanzas of the program today find us.

Commodities is where the opening stanzas of the program today find us.

Not, though, the usual suspect because fine, sure, oil, important, yes, but not the only globally critical item that is in the news.

Not, though, the usual suspect because fine, sure, oil, important, yes, but not the only globally critical item that is in the news.

We're going to do a commodities one, two today, aluminum and then coal.

We're going to do a commodities one, two today, aluminum and then coal.

Aluminum prices have been rising since the war started.

Aluminum prices have been rising since the war started.

Attacks on smelters, you've probably heard of those.

Attacks on smelters, you've probably heard of those.

The closure of the Strait of Hormuz, you've definitely heard of that.

The closure of the Strait of Hormuz, you've definitely heard of that.

Also, the rising cost of the energy that those smelters need.

Also, the rising cost of the energy that those smelters need.

Prices are up around 10% since the start of the war.

Prices are up around 10% since the start of the war.

That's according to CRU Group.

That's according to CRU Group.

And that only adds to the 50% tariff that businesses have been paying on imported metals.

And that only adds to the 50% tariff that businesses have been paying on imported metals.