The Far-reaching Impact of El Niño: The Return of Carbon-based Inflation and the Early Arrival of Silicon-based Asset Revaluation
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A new round of moderate and stronger El Niño events has basically been confirmed for 2026. The deep resonance between this extreme weather supply shock and high geopolitical risk premium is reshaping the global pricing landscape for commodities. Through the carbon-based cost transmission chain, it is delivering an unexpectedly early