Why Invest In Commodities?

The benefits and drawbacks of allocating to commodities

In an age of growing uncertainty, commodities can offer investors a way to fight against instability while protecting—or even building—their wealth. This collection of insights brings allocators the latest thoughts on gold, natural resources, and key underpinning forces shaping the commodities universe.

Anemic Chinese Growth Weighs On Commodities (CME Group)

Allocators should note that nearly all commodity prices track economic developments in China, usually with a lag of approximately one year.

Gold Demand Trends Full Year 2023 (World Gold Council)

For compliance reasons, this paper is only accessible in certain geographies

What drove gold prices in the previous year, and will the same forces influence the gold market in the next twelve months?

Lessons from the Battery Metals Bust (Firstlinks)

The recent crash in battery metal prices has caught many market participants by surprise. This paper explores what caused this and how can allocators profit from it.

Platinum Supply/Demand Outlook: Multi-year Deficits Expected (WPIC)

The platinum investment case remains compelling as consecutive years of platinum market deficits highlights strong demand and constrained supply.

Monthly Oil Market Report Jan 2024 (OPEC)

The global oil demand growth forecast for 2024 remains unchanged at 2.2 mb/d, with the OECD growing by around 0.3 mb/d and the non-OECD by about 2.0 mb/d.

Geopolitical Risk Premium & Commodity Futures Market (Commodity Insights Digest)

The main advantage of pricing commodity futures contracts by geopolitical risk is that it is exogenous to the investment market.

Coal 2023: Analysis and Forecast to 2026 (IEA)

Coal remains the largest energy source for electricity generation, steelmaking and cement production—maintaining a central role in the world economy.

World Nuclear Industry Status Report 2023 (WNISR)

Truth has rarely been a friend to nuclear power and for that reason it hasn’t always been easy to find accurate information about the industry’s vital signs.

The European Energy Crisis And The Consequences For Natural Gas (VoxEU)

Historically, European countries mainly relied on piped gas to satisfy their gas consumption needs and absorbed excess supply at convenient prices from the global LNG market.

World Energy Markets Observatory 2023: 25th Edition (Capgemini)

This report examines the questions of energy sovereignty and the West's dependence on China, whose weight in the energy transition is continuously increasing.