UK gas prices

Manufacturers are worried about rising prices for rare earth metals. For example, the cost of neodymium used in speaker production has doubled since last year to $ 117,300 per ton in August.

China is the only country that has a complete supply chain for rare earths, from mining to processing. Last year, the Celestial Empire controlled 55% of the world's production capacity and 85% of the total processing of rare earth elements.

The cost of neodymium oxide, a key resource for electric motors and wind turbines, rose 21.1%. Holmium, which is used in magnets for sensors and mechanisms, has risen in price by almost 50% this year.

It is reported that the price of tin has almost doubled compared to last year.

Aluminum prices have reached their highest level in the last 13 years. On Monday, September 13, the COMEX contract for the metal for November delivery rose 3.5% to $ 3,025.75 a tonne. Aluminum was last traded at these levels in 2008.

Aluminum prices have continued to rise for the past three consecutive weeks. During this time, they added 15%.

Electricity price

Australian Beef

Food prices in July were up 31% from the same month last year, according to an index compiled by the United Nations’ Food and Agriculture Organization.

Huge part of inflation comes from Chinese poor and medium class. As they go close to additionally $6 trillions in their hands from government subsidies directly and to firms.

As China can't much rise food production it started to wipe out everything from global market.

Local governments also got trillions and love to buy and store products in case of COVID outbreak event, so they can be sure be safe in their position.

Aluminum spot prices are up more than 30% on the London Metal Exchange this year. Buyers are paying an even higher premium over futures to obtain aluminum billets. Bloomberg shows in the chart below that combined price and premium for buyers in Europe now exceeds $3,750 a ton, the highest ever, taking out the highs in 2007-08.

Income dynamics

Transport expenses

In 2019, before the pandemic crisis, the cost of shipping a 40-foot container from China to Europe by sea ranged from $ 800 to $ 2,500. For the bulk of commodities such as textiles, pharmaceuticals or smartphones, ocean containers were clearly the best low-cost option for trade between Asia and Europe, despite the possibilities of railways. Today, with corona-related air travel declining by 50%, container ships are virtually the only long-haul option.

Port-to-port spot rates, such as Shanghai, China's largest container port, to Los Angeles, have now skyrocketed from about $ 1,500 for a 40-foot container just before the WHO pandemic in early 2020 to $ 4,000 in September 2020 and to $ 9,631 for the week ending July 8, 2021, according to Drewry Supply Chain Advisors. This is more than 600% more than in early 2020, before the pandemic.

It's not the worst yet. "We have heard reports of $ 15,000 from China to the West Coast and we know carriers are charging additional surcharges to give priority to late bookings over FAK [Freight All Kinds] regular shipments," Dr Drury said. From $ 1,500 to $ 15,000 in two years, that's a tenfold increase. And rates from Shanghai to Rotterdam also skyrocketed from less than $ 2,000 in early 2020 to over $ 12,000 in July, or 600%.