A Ukraine ceasefire would lead to a pipeline of commodity opportunities

Reconstruction should boost demand for certain metals

An end to the Russia-Ukraine conflict would have an impact beyond the most important, which is ending the bloodshed. Russian natural gas could start to flow through Ukraine and into Europe once again, pushing Europe gas prices significantly lower, positively impacting European industry and dampening inflation. Oil supplies would be impacted as well and Francisco Blanch discusses how OPEC might react to in case Russia increases oil flows to the West. The supply of certain mined commodities, especially uranium and graphite, could rise as the US looks to secure access to these critical metals. And then there's the demand for metals that could come from the rebuilding of Ukraine. It's estimated 10% of Ukraine housing and 75% of electrical transmission capacity are casualties of the war. Michael Widmer discusses how demand growth for copper should see a significant uplift from Ukraine reconstruction.

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