ING commodities outlook 2023: Stormy seas ahead
2022 has been an extraordinary year for commodity markets. Supply risks led to increased volatility and elevated prices. However, demand concerns have…
Aluminium faces macroeconomic headwinds
Negative macro sentiment will continue to put downward pressure on aluminium, with a worsening demand outlook being balanced against tight physical supply
Macro headwinds to keep pressure on copper prices
Copper has lost all of the gains it made this year as inflation has climbed higher, interest rates have risen, and energy costs keep surging. The…
Nickel has had a tumultuous year amid Russia’s invasion of Ukraine in February and March’s short squeeze, and the subsequent temporary…
US dollar strength and central bank tightening have weighed heavily on the gold market in 2022. In the near term, there is room for more downside with…
Iron ore’s rout to continue until China recovers
Turbulence in fertiliser markets weighs on crop outlook
Wheat supply risks will linger
