Key themes for 2024 – another year of price weakness

Date: 15 December 2023

Energy and metal markets have experienced a sharp reversal in prices this year, as we expected, diminishing the Super cycle thesis of our competitors. In this webinar, we examine the key themes affecting commodity markets in 2024 as the energy transition gathers pace and discuss our leading calls for prices in the year ahead. Overall, we expect another year of price weakness as we forecast the global economy to grow at its slowest pace since the global financial crisis, excluding the pandemic. We also anticipate supply to improve across commodity markets next year, which will further weigh on prices.

Diego Cacciapuoti
Diego Cacciapuoti

Economist

Diego Cacciapuoti

Private: Diego Cacciapuoti

Economist

London, United Kingdom

Diego is part of the Industry team where he contributes to the forecasting and monitoring of commodities and he is responsible for the monthly precious metals and agricultural price forecasts. Prior to joining Oxford Economics, Diego gained work experience at Record Currency Management and completed an MPhil in Economics at the University of Oxford. Diego is fluent in English, French, and Italian

Stephen Hare
Stephen Hare

Senior Economist

+44 (0) 203 910 8142

Stephen Hare

Private: Stephen Hare

Senior Economist

London, United Kingdom

Stephen is part of the Industry team where he is responsible for the extraction sector forecasts and contributes to the monthly commodity price forecasts for iron and steel. Stephen joined Oxford Economics in January 2018 after completing his MSc in finance and econometrics at Queen Marys University of London.

Toby Wittington
Toby Whittington

Lead Economist

+44 (0) 203 910 8046

Toby Wittington

Private: Toby Whittington

Lead Economist

London, United Kingdom

Toby joined Oxford Economics in July 2014 as an Economist with the Industry team. He is currently responsible for the intermediate goods sector forecasts as well as contributing to Industry consultancy projects. Toby was educated at Birkbeck College, University of London, where he gained a first-class degree in Financial Economics, followed by a MSc degree in Economics. His MSc dissertation investigated the transmission mechanism between the Bank of England’s quantitative easing programme and UK interest rates.

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