According to, the Russian-Ukraine conflict is likely to result in higher prices in five commodities: Aluminum, oil, natural gas, copper, and cobalt.

Analyst Comment: This will affect markets like new home construction, car production, battery production, gas prices and more. Additionally, one commodity missed in this analysis is fertilizer. Ukrainian fertilizer exports will face continued disruption resulting in higher prices. These price increases will be passed onto consumers so expect to see increased prices for many agricultural products including meat, due to higher feed prices.