The commodity sector is currently going through a correction, and after witnessing a record run higher during the first quarter, such a move was long overdue. The main catalyst for the weakness has undoubtedly been driven by China and the no tolerance policy towards Covid-19, where outbreaks in Shanghai and Beijing have been met with a prolonged period of lockdowns which has hurt economic growth while creating major bottlenecks across global supply chains. In addition, a combative US central bank driving up funding cost and a much stronger dollar together with signs of a global slowdown caused by inflation at the ... (full story)