“Too Big to Fail”: 10 Things you Need to Know About El Niño
OCTOBER 15, 2015
This should keep prices low and shipping lanes open. During the 1997 El Niño, droughts in Indonesia and Argentina caused mining activity to halt, raising prices of copper, zinc, and nickel. A shorter monsoon season in Indonesia, the Philippines, and Malaysia will help miners procure more materials, used heavily in the electronics industry. Burning rainforests in Indonesia are wreaking havoc to Southeast Asian economies and air quality, impacting numerous industries.