Metal prices at a tipping point

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The July 2021 edition of our Commodity Market Outlook focuses on base metals and iron ore, covering recent market developments and our pricing outlook over the coming year. As usual, we also provide an update on our latest views on broad commodity markets.
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Gold as an inflation hedge

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The June 2021 edition of our Commodity Market Outlook focuses on gold, covering recent market developments and our pricing outlook over the coming year. As usual, we also provide an update on our latest views on broad commodity markets.
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Oil set to rise further

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The May 2021 edition of our Commodity Market Outlook focuses on crude oil, covering recent market developments and our pricing outlook over the coming year. As usual, we also provide an update on our latest views on broad commodity markets.
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Industrial Production

Oil ‘bull’ run to continue

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The February 2021 edition of our Commodity Market Outlook focuses on crude oil, covering recent market developments and our pricing outlook over the coming year. As usual, we also provide an update on our latest views on broad commodity markets.
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Gold to approach $2000 in 2021

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The December 2020 edition of our Commodity Market Outlook focuses on gold prices, covering recent market developments and discussing our gold price outlook over the coming year. As usual, we also provide an update on our latest views on broad commodity markets.
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Strong demand lifts producer prices after two months of weaker growth; inflationary pressures building

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Global manufacturing production rose 4.0% year-on-year in July, the strongest increase since April 2014. Although most of the gain was explained by stronger productive capacity (potential output was up 3.0%), cyclical factors were also at play. The output gap, a measure of market tightness in the manufacturing sector, hit a 28-month high in July. Strong demand conditions fuelled an uptick in producer price inflation, which had eased in May and June as a result of weak commodity prices.  
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