Cocoa Price Higher Than CopperExcerpt from Bloomberg article:
"Cocoa prices are up about 60% this month alone and have more than doubled already this year. Poor harvests on the back of bad weather and crop disease in West African growers, where most of the world’s cocoa is grown, and little sign of production relief elsewhere have left the industry in a bind. The rally has sent prices toward $10,000 — a level that seemed unthinkable only a few months ago — and even made cocoa more expensive than bellwether industrial metal copper."
Effects of climate change in Africa strike again.
In other news, TKO just purchased the remaining portion of their Gibraltar mine from Dowa Metals & Mining Co. Ltd. and Furukawa Co. Ltd.. Market reaction? Up 6.67% so far. Let's see where it closes today.