09.08.2016 - Global Commodities Trade: State of Play in H1 2016
The global commodities market saw tough conditions towards the end of 2014 and throughout 2015. As January 2016 unfolded, prices for crude oil, iron ore, copper and aluminium averaged between 21-69% of their levels when indexed against the same month of 2012. Roskill examines trade trends in the first six months of the year for key commodities, including lithium, tungsten, rare earths, tantalum, salt, vanadium and molybdenum. However, markets as of mid-2016 appear to be picking up; this was echoed by the World Bank in its quarterly Commodity Markets Outlook published last week, which revealed that most commodity price indices rebounded in Q2 2016. The organisation now expects a modest recovery in the majority of commodity prices in 2017, on the back of increasing demand and tighter supply. (Press Release)
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