Lewis: Commodity Markets Dogged by Oversupply

The video discusses the recovery of Glencore and the buoyant commodity market, despite challenges like trade wars and oversupply. It highlights the impact of globalization stalling and protectionism rising. The role of China in global inflation and commodity markets is examined, focusing on state-owned companies and investment trends. The transition from coal to renewable energy is explored, noting the competitiveness of renewables and the decline of coal as a 20th-century industry.

What is one of the main challenges currently facing the commodity market?

• Trade agreements

• High production costs

• Oversupply

• Lack of demand

How does China's output gap affect global inflation?

• It reduces inflation

• It stabilizes inflation

• It has no effect

• It contributes to inflation

What significant change occurred in the energy sector in 2015?

• Renewables surpassed fossil fuels in new capacity

• Coal surpassed renewables in new capacity

• Nuclear energy became the leading source

• Oil prices reached an all-time high

What is a major factor contributing to the competitiveness of renewables?

• Government subsidies

• Falling prices of renewables

• Technological advancements in coal

• Increased coal prices

What is the average age of coal power plants in the US?

• 20 years

• 30 years

• 40 years

• 50 years