The Commodities Market is a marketplace where raw or primary goods are exchanged. These goods, known as commodities, can be categorized into two main types: hard commodities, which are typically natural resources that are mined or extracted (such as oil, gold, and copper), and soft commodities, which are agricultural products or livestock (such as wheat, coffee, and cattle).
In the commodities market, trading can occur through spot markets, where commodities are bought and sold for immediate delivery, or through futures markets, where contracts are made to buy or sell commodities at a predetermined price at a future date. The prices of commodities are influenced by supply and demand dynamics, geopolitical events, economic indicators, and market speculation.
Participants in the commodities market include producers, consumers, traders, investors, and speculators. The market serves as an essential component of the global economy, providing businesses and investors a means to hedge against risks related to price fluctuations while facilitating the efficient allocation of resources.
Energy Fuels Inc. prepares to announce its Q4 2024 earnings, aiming to achieve break-even status amid industry challenges. The company is a key player in the uranium and rare earth…