🛢 Energy & Commodities mixed · 1–3 years
A what‑if from the future

What if China curbs magnesium and metallurgical silicon supply and starves global auto supply chains?

China supply curbs on magnesium and metallurgical silicon (a 2021-style energy-driven cut) starve global auto and aluminium-alloy supply chains, spiking prices, a critical-input concentration scenario.

10%
our model probability
over 1–3 years
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 10% · 90% range 2–17% · 40 analogues · measured class trade_war 98% in 3 yr · 3% held back for the unknown
how we built this number — every step
Measured class rate — trade_war ≈1.3449/yr → 98% in 3 yr98%
Analyst prior · editorial share 8% of the class8%
Pooled · weight 87%10%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)10%
Published10%

The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.

The butterfly cascade

How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.

Resolution timeline — how this probability is moving

Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 1–3 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.

loading the timeline…

What it would mean

If this plays out, it is a mixed shock. China supply curbs on magnesium and metallurgical silicon (a 2021-style energy-driven cut) starve global auto and aluminium-alloy supply chains, spiking prices, a critical-input concentration scenario. The trigger decomposes into signed root‑shocks — European energy ▲ · Industrial demand ▲ · Inflation surprise ▲ · Trade tension ▲ — which propagate through our causal graph to the markets below.

If it happens — the markets it would move

Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.

MarketClassProjected move
1Nasdaq 100 NDXon Hyperliquid 📈 chartIndex▼ -1.2%
hist -0.63–+0.08% · other way +1.35% (n=12)
2Semiconductors SMHon Hyperliquid 📈 chartEquity▼ -1.1%
hist -0.63–-0.06% · other way +1.06% (n=12)
3Nvidia NVDAon Hyperliquid 📈 chartEquity▼ -0.9%
hist -2.61–+0.69% · other way +5.6% (n=12)
4TSMC TSMon Hyperliquid 📈 chartEquity▼ -0.9%
hist -1.58–+0.12% · other way +2.65% (n=12)
5Alibaba BABAon Hyperliquid 📈 chartEquity▼ -0.8%
hist -1.62–+0.19% · other way -2.9% (n=9)
6Tech sector XLK 📈 chartEquity▼ -0.8%
hist -0.54–+0.08% · other way +1.79% (n=12)
7ASML ASMLon Hyperliquid 📈 chartEquity▼ -0.7%
hist -1.67–+0.37% · other way +-0.0% (n=12)
8AMD AMDon Hyperliquid 📈 chartEquity▼ -0.7%
hist -1.96–+0.24% · other way +4.25% (n=12)
9Broadcom AVGOon Hyperliquid 📈 chartEquity▼ -0.7%
hist -0.98–+1.12% · other way -1.32% (n=10)
10Micron MUon Hyperliquid 📈 chartEquity▼ -0.7%
hist -3.25–+0.98% · other way +6.57% (n=12)
11Marvell MRVLon Hyperliquid 📈 chartEquity▼ -0.7%
hist -0.58–+0.07% · other way +9.66% (n=12)
12Chinese yuan CNY 📈 chartFX▼ -0.6%
hist -0.64–-0.05% · other way -0.6% (n=11)
13Qualcomm QCOMon Hyperliquid 📈 chartEquity▼ -0.5%
hist -0.58–+0.41% · other way -2.26% (n=12)
14Intel INTCon Hyperliquid 📈 chartEquity▼ -0.4%
hist -1.97–+0.65% · other way +2.26% (n=12)

Probable recommendation

If the scenario above plays out, the probable cross‑asset positioning → a scenario‑conditional read, not personalized investment advice
For a common-man portfolio: Mixed for a typical portfolio — the move is more about rotation than direction. Favour the winners over the losers below rather than net exposure.
Also moves (not yet on Hyperliquid): Tech sector -0.8% · Chinese yuan -0.6% · Freeport (copper) +0.2% · Aussie dollar -0.2% · Turkish lira -0.2% · 30y Treasury yield +1bp

Historical precedent — what analogous events actually did

Across 40 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.

1979 Iranian Revolution oil shock 1979-01 Gold tops $3,000 for the first time amid tariff and rate-cut fears 2025-03 Silver Thursday 1980-03 Gold peaks at $850 1980-01 Iran hostage crisis / US freezes Iranian assets 1979-11 Iranian Revolution oil shock 1978-12 Gold tops $4,000 and silver spikes past $50 in historic squeeze 2025-10 Trump's 50% copper tariff sends Comex copper to a record 2025-07 Israel strikes Iran — Operation Rising Lion 2025-06 China retaliates to Liberation Day: 34% tariffs + rare-earth controls 2025-04 Henry Hub natural gas falls to an all-time inflation-adjusted low on record output 2024-11 October 2024 Iranian ballistic-missile attack on Israel 2024-10 Gold tops $2,500 for the first time on Fed rate-cut bets 2024-08 India slashes gold import duty from 15% to 6% in 2024 budget 2024-07 Niger coup d'etat 2023-07 PJM grid emergency during Winter Storm Elliott 2022-12 August 2022 hot CPI 2022-09 Powell's hawkish 'pain' speech at Jackson Hole 2022-08 Turkish lira record low on rate cuts 2021-11 European gas crisis intraday record spike 2021-10 Texas grid failure during Winter Storm Uri 2021-02 Gold closes above $2,000/oz for the first time 2020-08 Norilsk Nickel Arctic diesel spill 2020-05 Saudi-Russia oil price war 2020-03 Chinese yuan breaks 7 per dollar; US names China manipulator 2019-08 February 2018 hot wage print triggers rate scare 2018-02 North Korea sixth nuclear test 2017-09 North Korea 'fire and fury' nuclear scare 2017-08 Mexican peso crash on Trump 2016 win 2016-11 OPEC abandons output defense, opting for market share vs US shale 2014-11 Gold futures velocity-logic flash crash 2014-01 Gold all-time peak of $1,921/oz 2011-09 Egyptian revolution / Mubarak uprising 2011-01 Crude oil all-time high 2008-07 Crude oil all-time high 2008-07 ECB's ill-timed pre-crisis rate hike 2008-07 Henry Hub natural gas spot price peaks during 2008 commodity boom 2008-07 Platinum hits all-time record near $2,290 on South African power crisis 2008-03 South Africa Eskom power emergency spikes platinum/PGMs 2008-01 Amaranth Advisors natural-gas blowup 2006-09
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
AUD AUDSHORT-1.4% · 5d -0.2%66%35 0.30✓ matches cascade
KWEB KWEBSHORT-2.2% · 5d -1.1%66%26 0.27✓ matches cascade
AMD AMDSHORT-1.4% · 5d -0.7%66%36 0.26✓ matches cascade
CNY CNYSHORT-0.3% · 5d -0.1%63%35 0.26✓ matches cascade
SOL SOLLONG+4.9% · 5d -5.6% ↺ fades68%18 0.24⚠ differs
NDX NDXLONG+0.5% · 5d -1.0% ↺ fades63%35 0.20⚠ differs
EURUSD EURUSDSHORT-0.9% · 5d -0.0%62%35 0.20✓ matches cascade
BABA BABASHORT-1.1% · 5d -1.4%61%25 0.19✓ matches cascade
FCX FCXSHORT-2.3% · 5d -0.7%61%35 0.19⚠ differs
TSM TSMSHORT-1.0% · 5d -1.8%61%35 0.17✓ matches cascade
High-yield credit HYGSHORT-0.4% · 5d -0.1%61%34 0.17·
SMH SMHLONG+0.3% · 5d -0.5% ↺ fades59%35 0.15⚠ differs
TRY TRYSHORT-1.9% · 5d +0.9% ↺ fades58%35 0.14✓ matches cascade
US dollar DXYLONG+0.5% · 5d +0.2%57%40 0.13✓ matches cascade

Methodology. Probability and impact are anchored to history and scored against what actually happens — wins and losses, in public, at Reality Check. Crowd odds live from Polymarket & Kalshi. By Vikas Singh, Quantitative Strategist. Updated 2026-07-03.