2024 commodity market outlooks
Discover what's ahead with Fastmarkets' market intelligence and insights into 2024 and beyond
You’re ready to plan for the year ahead, and want your business to be more competitive and strategic than ever. Whether you work in procurement, you’re a trader or the CEO of a company, you need a forward-looking view of the commodity markets and what 2024 holds.
To help you get a better idea of how the next 12 months and beyond will look, we’ve put together several 2024 commodity market outlooks and previews across the agriculture, forest products and metals and mining spaces. From understanding evolving trends in green steel to the surge in demand for biofuels and feedstocks, as well as why demand for pulp in China is growing, we’ve got you covered. Read on below to find out more.
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Browse market insights and analysis from our expert editorial team and price reporters working across the metals and mining, forest products and agriculture markets.
These changes are driven by the need to adapt to an uncertain market environment and a sluggish economy, especially with pessimistic steel demand from China’s real estate sector
Learn more about how Chinese ferro-alloy smelters are planning to strengthen green production efforts in 2024
Rare earth magnet production looks set to advance in the US and Europe in 2024, with market participants outside of China seeking to secure and onshore the supply chain for magnets
Secondary aluminium markets in Europe should be significantly influenced by the availability of scrap through this year, with the rate of exports to Asia from Europe playing a key role in shaping price trends for ingot, according to industry sources
With China’s domestic producers increasing or expanding their capacities, the supply of gallium in the Chinese market is gradually rising. But due to uncertainties in the new year’s export control policies and insufficient downstream demand, the market might face a more severe oversupply in 2024, according to sources
A rapid change in the spot copper concentrate market since October has sent a clear signal of fiercer competition to secure copper concentrates in 2024, which will be felt in other copper raw materials markets, like blister and anodes, sources told Fastmarkets
Read more about Mexican scrap price volatility here.
Stay up-to-date with the volatility in lithium prices here.
Find out more about what’s ahead for global pulp markets here.
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