As stated in the Goldman Sachs Research Report 2023 Commodity Outlook: An Underinvested Supercycle dated December 14, 2022[1], “From a fundamental perspective, the setup for most commodities next year is more bullish than it has been at any point since we first highlighted the supercycle in October 2020.” Driven by depleted global inventories, lack of capex investments to create new supply sources, and increasing demand from
Over the past twelve months,
“Over the past 19 years, our team and I have navigated Empire through numerous commodity cycles and this one is by far the most exciting,” stated
[1] https://www.goldmansachs.com/insights/pages/gs-research/2023-commodity-outlook-an-underinvested-supercycle/report.pdf
[2] https://www.bloomberg.com/opinion/articles/2022-12-29/oil-wheat-copper-and-other-commodities-will-enjoy-price-rises-in-2023
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This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its revenue growth, opening of additional locations, margin expansion and cashflow projections, and expected completion of its second shredder and downstream processing system. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in our filings with the
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