Commodities

Keep an eye on the long term

In 2021, ThomasLloyd introduced the concept of the “Carbon Cost of GDP”; the amount of CO2 which is emitted for every trillion dollars of Gross Domestic Product.

Many reasons for inflation

Geopolitical risks

Cannot be simply labelled ESG

Commodities critical to net-zero

Renewables need steel and copper

Average household emissions three tonnes

Where will value be found?

Broad commodity ETPs see inflows of $12bn year-to-date