Event

Drop-In: Commodities Outlook – Where next for energy, gold and industrial metals prices?

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Will China’s economy continue supporting metals demand? What would Donald Trump’s re-election mean for energy markets?

Commodities Weekly

Metals prices still on shaky ground

This week's weaker-than-expected activity data in China seems to be at odds with the broadly flat or slight increases in base metals prices this week. The big picture however is, that the data...

21st June 2024 · 4 mins read

Asset Allocation Update

Commodity-exposed stock markets may disappoint

Although we expect equities in general to fare well over the next year or so, we think that falls in most commodity prices will weigh on the energy and materials sectors. That would be bad news for...

10th June 2024 · 4 mins read

Commodities Weekly

OPEC+ temporarily sinks oil prices

The decision by OPEC+ last Sunday to increase output from October caught investors by surprise and sent oil prices sinking to below $78 per barrel early in the week. Ahead of the meeting, investors...

7th June 2024 · 5 mins read

Commodities Chart Pack

Commodities Overview Chart Pack (June 2024)

Our Commodities Overview Chart Pack has been updated with the latest data and our analysis of recent developments. OPEC+’s decision to roll over its production cuts into Q3 will keep supply...

6th June 2024 · 1 min read

Metals Chart Pack

Metals Chart Pack (June 2024)

Our Metals Chart Pack has been updated with the latest data and our analysis of recent developments. The rally in industrial metals prices over the last few months has begun to unwind and, because it...

4th June 2024 · 1 min 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

Commodities Weekly

OPEC sticks to its bullish oil demand forecast

The second consecutive monthly reduction in the International Energy Agency’s (IEA) 2024 oil demand growth forecast this week further widened the wedge between the IEA’s and OPEC’s near-term outlooks...

17th May 2024 · 5 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

Commodities Update

Your latest commodities questions answered

We held an online Drop-In session last week to discuss geopolitical risk and the commodities price outlook. This Update answers several of the questions that we received.

10th May 2024 · 7 mins read

Industrial Metals Update

Zinc on the brink of a price fall

The surplus in the zinc market will shrink a little this year, as recovering raw material supply and a pick-up in refined output is offset by a boost to demand from a cyclical recovery in China. That...

9th May 2024 · 3 mins read

Commodities Chart Pack

Commodities Overview Chart Pack (May 2024)

We think that oil prices have further to fall, as we expect OPEC+ to gradually increase output later this year. Prices have recently fallen as worries that the conflict in the Middle East could affect...

8th May 2024 · 1 min read

Metals Chart Pack

Metals Chart Pack (May 2024)

Our Metals Chart Pack has been updated with the latest data and our analysis of recent developments. The strong rally in industrial metals prices seems stretched and, as a result, we expect prices to...

7th May 2024 · 1 min read

Commodities Update

China PMIs point to solid but unremarkable demand

China’s PMI surveys for April suggest the economy continues to grow at a faster pace than a few months ago which is providing support for commodity demand. Today’s Politburo statement signalled that...

30th April 2024 · 2 mins read