Executive Summary Copper Will Remain Tight Even In Recession Supply-chain disruptions arising from Russia's invasion of Ukraine and demand hits from lockdowns in Shanghai are increasing the odds of a global recession,…
Copper prices have followed a similar trajectory as other commodities since the start of the Russian invasion of Ukraine. The price of COMEX copper jumped from $4.45/lb on February 24 to a peak of $4.92/lb on March 4 before…
Executive Summary Copper Demand Follows GDP European copper demand will increase on the back of still-accommodative monetary policy, coupled with a loosening of COVID-19-related gathering and mobility restrictions as the…
Highlights The faster-than-expected oil-demand recovery from the COVID-19 omicron variant points to higher EM trade volumes this year and next, which, along with a weaker USD, will boost base-metals demand and prices (Chart of the Week…
Dear Client, This week we present our annual Commodities & Energy Strategy outlook, which contains our key views on the principal markets we cover – energy, base metals and bulks, precious metals, and ags. Over the…
Dear Client, Next week, we will be sending you BCA Research’s Annual Outlook, featuring long-time BCA client Mr. X, who visits towards the end of each year to discuss the economic, financial and commodity market outlook for the…
Commodity prices and the US dollar tend to be inversely correlated. This relationship can be explained by multiple forces. First, a stronger dollar raises the local currency costs of commodities for foreign consumers and as a…
Copper prices are once again on the rise. After peaking in May, the red metal failed to break below its 200-day moving average and is up 13% so far in October. There is scope for copper prices to continue rising. In the…
Highlights The surge in energy prices going into the Northern Hemisphere winter – particularly coal and natgas prices in China and Europe – will push inflation and inflation expectations higher into the end of 1Q22 (Chart of…
Highlights The US government issued its first-ever water-shortage declaration for the Colorado River basin in August, due to historically low water levels at the major reservoirs fed by the river (Chart of the Week). The drought…