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Metals in Motion: Navigating the Volatility and Value in the Global Metals Market

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Metals in Motion: Navigating the Volatility and Value in the Global Metals Market

The surge in interest in metals seen over the last few years is set to continue spurred by the global renewable energy transition combined with increased industrialization and electrification in many parts of the world. Battery metals, rare earth metals, and even precious metals, are seeing increased demand and price volatility because of their importance in the manufacture of batteries, use in electronics and electrification, construction, and manufacturing. In the period leading up to the end of 2022, the markets for these metals experienced rising value and price volatility, with the composite Q1 2023 price average around 51% higher than the 2015-2019 average price, according to the world bank. Since then, prices have declined somewhat, but remain volatile.

Fundamental factors of supply and demand are, of course, driving that price volatility and for a while, demand for lithium and other battery metals outpaced supply, driving prices higher. Recently, however, prices have slipped as demand weakened with slower than expected sales of electric vehicles (EVs) along with increased supply of rare earth metals from China, Indonesia, and the Democratic Republic of the Congo. Meanwhile, geopolitical instability, including the wars in the middle East and Europe, have helped drive up gold prices to record highs, though silver prices have remained weak.

Read more by downloading Metals in Motion: Navigating the Volatility and Value in the Global Metals Market