Global commodities forecasts & trends (2024)

EU acts to secure access to critical raw materials

Processing of rare earths has the potential to take off in the EU, but sourcing minerals will also be a challenge amid increasing competition with China and the US.

China begins to unwind ban on Australian coal imports

The move is the first concrete step taken by either country to improve ties following the resumption of dialogue under Australia’s Labor Party government.

Russian and Ukrainian commodities review: base metals

Russia is a major producer of base metals, notably aluminium and nickel, which are used in sectors ranging from steel and automotive production to consumer goods. Ukraine is not a top exporter of these metals, but it is a significant exporter of copper to Belarus, Uzbekistan, Moldova and Azerbaijan.

Global wheat trade faces constraints amid Russia’s invasion

Russia and Ukraine accounted for 30% of the global wheat trade before Russia’s invasion. Since then, war, logistical issues and sanctions (in Russia’s case) have significantly reduced the ability of both countries to remain reliable suppliers.

Commodities outlook 2023

The lifting of zero-covid policies in China, extreme weather events caused by climate change, and the continued conflict in Ukraine have increased upside risks to our baseline commodity price forecasts for 2023. EIU’s report, Commodities outlook 2023, provides businesses with foresight of the critical global trends and threats that will affect commodity prices in the year ahead.

Global economic outlook 2023

Explore how ongoing threats posed by the war in Ukraine, high global inflation and US-China tensions are affecting global growth and the commodities market.

Europe outlook 2023

Energy market dynamics in 2023 will be just as challenging for Europe as in 2022, and input costs will remain high for years. This will make some industries uncompetitive, leading to a loss of global market share. Our report, Europe outlook 2023, explores which commodity sectors will be worst affected.

Energy outlook 2023

In this on-demand webinar, our experts analyse the investment needed to rebalance supply and demandfor energy commodities.

Europe’s energy crisis

Despite widespread efforts by governments to replace Russian gas, Europe struggled to meet its energy needs in 2022. In this webinar, EIU’s analysts assess how gas shortages will affect economies and industries in the region.

Country Analysis

Prepare for what’s ahead

Understand the political, policy and economic outlook with EIU’s award-winning forecasts, analysis and data. Our Country Analysis service examines the global dynamics that could affect your organisation, including the supply, demand and prices of 25 key commodities.

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Commodity forecasts and analysis

From crude oil to wheat, EIU’s World Commodity Forecasts provides in-depth market analysis for 25 major hard and soft commodities. This service covers demand, supply, global stock and price trends for each commodity, delivering reliable forecasts over a two-year period.