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Infographic: How Every Commodity Performed in 2016

Infographic: How Every Commodity Performed in 2016

by Adam Underwood - over 2 years ago

2016 Commodity Performance

WINNERS IN 2016

The biggest winners on the year were base metals and the oil and gas sector. Here’s how base metals did:

Base Metal
Iron Ore
Zinc
Nickel
Aluminium
Copper

Q1
37%
20%
-3.1%
3.8
0.1%

Q2

-6.2%
13.1%
13.9%
7.2%
3.9%

Q3
6.3%
-3.2%
11.9%
1.4%
-0.5%

Q4
31.1%
26.1%
-5%
4%
13.1%

2016
81%
65.7%
17.3%
17.3%
17.1%

Iron ore and zinc were the best performing commodities on the face of the planet in 2016. Iron finished up 81%, its first calendar gains in four years. Meanwhile, zinc shot up 65.7% on the year as major zinc mines shut down, and supply stockpiles dwindled.

Oil and gas also posted a major comeback in 2016:

Energy
Natural Gas
Oil (Brent)
Oil (WTI)

Q1
-17%
0.6%
-3.2%

Q2
53.3%
35.1%
37.3%

Q3
-2.7%
-1.2%
-2.1%

Q4
28%
13.6%
11.4%

2016
58.5%
53.4%
44.9%

It was a volatile year overall, but it appears that the worst of the downturn in energy prices is over.

LOSERS IN 2016

Not all energy-related commodities could be so lucky. Uranium continued its epic nosedive, losing -41.6% on the year. U3O8 now trades for $20.25/lb, a tiny fraction of its previous highs of over $100/lb in 2007.

Energy Losers

Uranium
Coal

Q1
-16%
0.5%

Q2
-7.4%
9.3%

Q3
-12%
1.3%

Q4
-14.7%
0%

2016
-41.6%
-7.7%

Coal has also performed abysmally, at least in North America where CAPP prices finished down on the year -7.7%.

Source: Visual Capitalist.

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