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A strategic commodity is what?

Updated: 9/13/2023
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15y ago

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•A resource so important that nations will go to war to ensure its steady supply.

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15y ago
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Q: A strategic commodity is what?
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Why is oil a strategic commodity?

A strategic commodity is considered to be very important. This is a resource that is important to a country that a country will go to any extent to ensure its consistent supply. A good example is oil which is used in every industry that you can think of.


What is the name given to a resource that is so valuable that nations will go to war to ensure its steady supply?

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Commodity trading systems are methods to trade in the commodity market in a mechanical fashion. The system will automatically notify you when to buy and sell a commodity.


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