Commodities Weekly Lack of ceasefire deal poses risks; gold at record The apparent stall in the ceasefire talks between Israel and Hamas limited the fall in oil prices this week. While we think a deal wouldn’t be a game-changer for oil prices, a further breakdown in... 23rd August 2024 · 4 mins read
Commodities Weekly Escondida strike; China tightens grip on antimony The strike at the world’s largest copper mine, Chinese export curbs on another critical mineral and the iron ore price tumbling to a yearly low rocked metals and minerals markets this week. While we... 16th August 2024 · 4 mins read
Commodities Chart Pack Commodities Chart Pack (Aug. 2024) Commodities have not been immune to the recent turmoil in financial markets, with the prices of most industrial metals, agricultural, and energy commodities extending their downward trends over the... 7th August 2024 · 1 min read
Commodities Update China, not a US slowdown, the key for industrial metals Following another leg down in industrial metals prices, this time due to growing worries about a US recession and the broader financial market carnage, we still think that prices will fall further... 7th August 2024 · 3 mins read
Commodities Update Sell-off in oil markets has gone too far The sharp fall in oil prices over the past week shows that fears of a US recession have so far outweighed concerns about conflict in the Middle East. But we think that oil prices have fallen too far... 6th August 2024 · 3 mins read
Commodities Update Olympic medals to lose their shine before long The start of the Paris Olympic Games today suggests that there will be renewed interest in gold, silver and bronze. We suspect that athletes will be disappointed by the fact that the Olympic medals... 26th July 2024 · 3 mins read
Climate Economics Update Injecting some nuance into high hopes for hydrogen Hydrogen could play a key role in reducing emissions in hard-to-abate sectors such as steelmaking and be a boon for countries and regions that are well placed to produce a surplus of renewable power... 10th July 2024 · 4 mins read
Commodities Chart Pack Commodities Chart Pack (July 2024) China overcapacity fears coming to industrial metals China’s dominant role in the world of commodities is evolving subtly. This is particularly the case for gold, where increased demand by the PBoC... 3rd July 2024 · 1 min read
Commodities Weekly Economics, not the White House, the key to US energy The Dallas Fed survey of oil and gas firms released this week revealed deep dissatisfaction with the Biden administration. Donald Trump has made it clear he would provide greater support for the... 28th June 2024 · 4 mins read
Commodities Weekly Peak oil debate slightly misses the point The focus in oil markets this week was on the long term with the IEA predicting that oil demand will peak in 2029 while OPEC argued there is no peak in sight. In any case, when the peak occurs is only... 14th June 2024 · 4 mins read
Energy Update US energy security to impede its energy transition The US economy has persistently outperformed its peers for over a century, and as our Spotlight series argues, will continue to do so for the foreseeable future. More recently, the US has also... 13th June 2024 · 3 mins read
Energy Update OPEC+ to turn on the taps, oil prices to fall in 2025 At long last, OPEC+ outlined a plan on Sunday for when and how members would unwind the large production curbs currently in place. We assume that this plan is followed through and that output... 4th June 2024 · 3 mins read
Commodities Weekly Reading the OPEC+ tea leaves: rollover is on the cards The decision by OPEC+ to move its crunch meeting from in-person on Saturday in Vienna to online on Sunday, historically a sign of an uneventful meeting, suggests that members will rollover production... 31st May 2024 · 5 mins read
Industrial Metals Focus How metals-hungry will the green transition be? The metals-intensive nature of green technologies will add to demand for a host of industrial and battery metals, with green demand for copper and aluminium likely to grow twice as quickly as... 23rd May 2024 · 17 mins read
Energy Update US shale boom approaching a peak Having soared to a record high level under the Biden administration, we expect US shale oil output to peak this year before contracting in 2025, driven by a combination of further industry... 20th May 2024 · 4 mins read
Industrial Metals Update Copper price upsurge will not be sustained The surge in copper prices today, to a record high of over $5/lb in trading on the New York commodities exchange (COMEX), is the latest twist in the eye-popping market rally and leaves prices looking... 15th May 2024 · 2 mins read
