5 Commodities brought the market to the market this week after the price of eggs and the cobalt ban was increased

Senior managers in the US oil sector plan to hold a meeting with President Donald Trump to discuss energy policy, as coal is now considered a significant part of it. At the same time, Cobalt, a basic metal in the batteries industry, is a significant increase in its prices after a sudden ban on exports by his largest producer. Countries around the world are also keeping strict restrictions on steel trade. Below we learn about the most prominent developments in the basic commodities in the global markets by reviewing 5 important graphs to consider in the beginning of the trading week. Oil will visit senior managers in the US oil sector this week to hold talks with President Donald Trump on energy production. This meeting comes in light of the decline in the price of crude oil, increased production and uncertainty about customs duties in its latest reports. Coal has fallen in Asia’s coal prices since 2021 to the lowest levels due to the global supply of low prices. But this trend is expected to change soon as demand for coal increases even in the United States, as it was seen as a polluted fuel source for the environment, which led to the closure of many power stations. Now the Trump administration is trying to stop these closures in light of the increasing demand for electricity in the country. It comes after the expectation of the international energy agency in December last year that coal consumption will rise to at least 2027. As a result, prices are also expected. Cobalt jumped the price of cobalthidroxide after the Democratic Congo – the main product – suspended for 4 months in February, with the aim of reducing the exhibition. Last week, Cobalt scored its highest level since July 2023, according to Fastmarks. It should be noted that the Congo represents about three -quarters of the global production of this metal used in the production of batteries. Steel is an acceleration of states around the world to take measures to reduce steel imports, which are historically seen as a symbol of manufacturing power. While the United States of America’s duties on minerals, South Korea, Vietnam, Brazil and the European Union are trying to protect its local industries by reducing the supplies coming from China, which is the dominant product and its exports jumped to the levels near the record last year. Eggs to the United States have witnessed a jump in egg prices, Europe and other countries now have the same crisis, with the spread of bird flu on a global scale. Wholesale prices in Europe rose to its highest level in more than a decade last week. This comes at a time that US consumers have finally started a fall in prices from standard levels, thanks to partial imports. As Easter approaches, the request is expected to remain high.