Why did raw material prices soar in the first quarter?

Since the beginning of this spring, the prices of various raw materials around the world have skyrocketed. Among them, the prices of metals, rubber, lithium carbonate and other raw materials have increased significantly, which has led to the rise of downstream related enterprises.

Many companies began to adjust their purchasing strategies, suspend advance orders, adjust product prices, increase inventory reserves and other measures to alleviate the impact of rising prices of raw materials.

Reasons for the rise of raw materials in this round

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