Middle East conflict: Exploring a new commodity order

A new commodity order is taking shape, defined by geopolitical fragmentation, electrification, supply constraints, regionalisation of energy and materials markets, and a re-ordering of global supply chains. However, despite the strategic importance of commodities, most equity investors have little exposure to these dynamic, diversifying and potentially alpha-generating markets. In this article, Ninety One’s Natural Resources Equity team puts current headlines in the context of the structural changes reshaping commodity markets and explains the potential roles of natural resources equities in...