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
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 Weekly Metals prices: a genuine breakout or overoptimism? In a mixed week for commodity prices, copper topped $10,000 per tonne for the first time since April 2022. This is the latest in what has been a rip-roaring start to the year for non-ferrous... 26th April 2024 · 4 mins read
Industrial Metals Update Russian metal ban won’t rock the boat We think that any impact from the suspension of trading of Russian metal on the LME and CME is likely to be muted, given that trade flows have already shifted markedly and it is unlikely to impact... 15th April 2024 · 2 mins read
Commodities Update A firm start to the year for China’s commodity imports China’s energy and industrial metal imports were generally strong in the first quarter. We expect them to hold up well in the coming months as fiscal stimulus continues to support construction... 12th April 2024 · 4 mins read
Industrial Metals Update China property contraction to hit metals prices hard In light of our China team’s new non-consensus view that an aggressive slowdown in property sector construction seems almost inevitable in the years ahead, we have revised our price forecasts. We now... 10th April 2024 · 4 mins read
Commodities Weekly The copper supply squeeze begins to bite It was generally a strong week for commodity prices despite the US dollar nudging higher. Oil prices rose by ~3% after the IEA revised its forecasts towards a tighter oil market and following the... 15th March 2024 · 4 mins read
Commodities Chart Pack Commodities Overview Chart Pack (Mar. 2024) We expect oil prices to edge lower in the second half of 2024 as OPEC+ starts to unwind its production cuts. However, the Israel-Hamas war, and associated risks to supply, will act as a floor under... 12th March 2024 · 1 min read
Metals Chart Pack Metals Chart Pack (Mar. 2024) Our Metals Chart Pack has been updated with the latest data and our analysis of recent developments. Industrial metals demand will recover this year, boosted by rate cuts and a bit of a recovery in... 8th March 2024 · 1 min read
Latin America Economics Focus Will Chile seize the green transition opportunity? Chile is frequently identified as one of the main beneficiaries of global efforts to put economies on a greener footing, but we doubt that the country will reap the full benefits of this trend. Chile... 6th February 2024 · 21 mins read
Metals Chart Pack Metals Chart Pack (Feb. 2024) Our Metals Chart Pack has been updated with the latest data and our analysis of recent developments. Industrial metals demand will recover this year, boosted by rate cuts and stabilising economic... 2nd February 2024 · 1 min read
