The global commodity markets are undergoing a significant transformation driven by the impacts of COVID-19, the war in Ukraine, and climate change[1][2]. Demand growth for commodities is expected to decline over the next three decades, while the transition to cleaner energy will be challenging[2]. The conflict in Ukraine is weaponizing critical commodity exports, disrupting energy security and progress on the energy transition[3].
The geopolitics of tomorrow's commodity markets could lie in critical minerals sourced in critical places[3]. As the energy transition gathers pace, there will be significant price and geopolitical implications[3]. Understanding these trends is crucial for businesses and investors navigating the reshaped global commodity landscape.
Citations:
[1] https://www.worldbank.org/en/research/commodity-markets
[2] https://www.worldbank.org/en/news/press-release/2022/05/12/Commodity-markets-crises-regulatory-frameworks-economic-diversification
[3] https://www.rbccm.com/en/insights/imagine/episode/imagining-the-future-of-global-commodities
[4] https://www.myespresso.com/share-market-knowledge/trading-app/how-global-events-reshape-commodities-trading-equilibrium
[5] https://www.linkedin.com/posts/catalin-ancau-a8191132_reshape-of-the-global-commodity-markets-activity-7211594617115295744-e-Xu