Commodity Exporters' Mixed Fortunes
Oil/gas producers (Gulf states, Indonesia) benefit from higher prices but face volatility. Chile's copper revenues drop as global demand slows. Agricultural exporters see margins squeezed by rising input costs. Commodity-backed loans become more expensive to service. Resource nationalism grows - Mexico lithium nationalization spooks investors. Terms of trade deteriorate for net importers like Philippines. ESG pressures limit financing for extractive industries despite high prices.