The October 2021 edition of our Commodity Market Outlook report focuses on industrial metals, covering recent market developments and our pricing outlook for copper and iron ore over the coming year. As usual, we also provide an update on our latest views on broad commodity markets.

Industrial metals are losing momentum amid concerns over slowing activity in China. In this month’s edition, we offer a ‘deep dive’ on the factors currently driving copper and iron ore prices, analyzing both the impact of economy-wide and industry-specific shocks on current and future market dynamics.

For those of you interested in broader asset price implications, please note that this report complements our recent webinar on Latin America’s investment outlook. Please contact Matthew Lapointe at if you would like a copy of the recording.