Global | Key themes 2021: Structural trends will dictate prices

Commodity prices have rallied on the anticipation of a brighter 2021. Global economic growth looks set to return, some markets are in deficit after supply disruptions last year, strong global monetary and fiscal policy responses have boosted liquidity, and a weakening dollar has improved demand. All this creates a bullish outlook for commodity markets. However, we expect key structural developments to gather momentum this year that will affect prices.

What you will learn from this report:

• Electric vehicle production forecast and the impact on commodities
• The correlation between vaccines and gold prices
• As the Chinese government intends to improve environmental policies what does this imply for the outlook of iron ore demand