Commodity key themes 2026: Softer oil prices and firmer metals
- 19 December 2025 – 10.00am GMT (London)
- 19 December 2025 – 10.00am HKT (Hong Kong)
- 19 December 2025 – 12.00pm EST (New York)
Join us as we explore the key forces set to shape global commodity markets in 2026.
In oil, a sustained surplus is likely to keep prices subdued, despite pockets of support from ongoing Chinese stock building. We expect gasoline demand has already peaked in key markets, with rapid EV uptake – particularly in China – driving structural declines ahead. Gold’s upward trajectory should persist, though sharp shifts in investor positioning will keep volatility elevated. Across non-energy commodities, government policy will exert increasing influence, from US tariffs on industrial goods to strategic intervention in critical metals supply chains. China will remain the primary driver of global commodity demand, but slower growth in its domestic metals output will tighten aluminium and copper markets.
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Speakers