U.S. Global Investors published updated version of The Periodic Table of Commodities Returns chart with 2023 data earlier this year. Gold was the top performer last year with a return of over 13%. The worst performer was Lithium with a loss of about 82% as the craze for EV demand cooled last year.
Copper prices are soaring so far this year. The metal is up by about 25% YTD. It remains to be seen if Copper would end up as the best performing metal this year. Last year it had the second best return as shown in the chart below:
Click to enlarge
Source: U.S. Global Investors
For an interactive version of the above chart go here.
elated ETFs and companies:
- Barclays Bank iPath Pure Beta Crude Oil ETN Exp 18 Apr 2041 (OIL)
- Albemarle Corporation (ALB)
- Sociedad Quimica y Minera de Chile (SQM)
- SPDR Gold Trust (GLD)
Disclosure: No positions
