The pandemic has left the supply chain reeling from the many different major disruptions, but one of the largest disruptions has been in the semiconductor industry, which is responsible for significant growth in the Automotive, High-Tech, Telecomm, Aerospace and Medical Device industries. In late 2021, we observed a significant shortage in key raw materials and rare minerals that are needed to build electrical components in automobiles, computers, phones, and more.
During the pandemic, China began saving key raw materials and rare earth minerals as a protection for their supply chain. This caused volatile commodity prices and lengthy wait times for the raw materials that are critical to many industries. Our recent report shows you which materials are in shortage and how CommodityWatchAI can help you overcome volatile commodity prices.