We had another crash in the price of oil overnight. At the moment West Texas Intermediate is trading at US$11.63 per barrel and still falling.
Many countries as we have known them are not likely to survive this. Meanwhile, say bye-bye to battery metals prices, and perhaps that of the recent bull in uranium prices.
Yes, these markets will come back, but it will not be as sudden a turn up as it was a turn down.
A few more cents to the downside and we will be at 1970's levels.