Press Release
CRU, the global commodities business intelligence company, has successfully completed an external assurance review covering prices, key controls activities, and policies across all commodity groups, carried out by independent professional services firm BDO LLP (BDO). The review confirms that CRU prices are underpinned by robust and effective governance and compliance controls, aligning with the International Organization of Securities Commissions’ (IOSCO) Principles for Oil Price Reporting Agencies as of 30 September 2025.
Following an unprecedented period of geopolitical disruptions and regulatory developments in commodity markets, now is a critical time for CRU to commission an external assurance review. Recent mining incidents have triggered downward revisions of global copper supply alone and revealed how quickly market balances can shift. An independent assurance exercise has been undertaken to ensure that CRU’s methodologies, controls, and reporting are robust, defensible, and align with market expectations.
Chris Houlden, Divisional Managing Director, Head of Analysis at CRU commented:
“CRU’s successful completion of the IOSCO Principles external assurance review demonstrates the strength and resilience of our methodologies, policies, and processes.
In an uncertain marketplace, clients need to trust that CRU’s prices and methodologies are robust , and grounded in a deep understanding of commodity markets and supply chains. This independent assurance reinforces what our customers already know — that they can rely on CRU benchmarks to support them navigate fast-changing markets with confidence."
Claire Ballak, CRU’s Global Head of Compliance and Legal Services, added
“This independent IOSCO Principles assurance review comes at an important time for commodity pricing. For our clients, it proves that our promise to always be transparent and ensure integrity are not just lip service, but fact. This should give clients, and prospects, the assurance required to rely on CRU prices as trusted benchmarks in today’s increasingly complex markets.”
Full details of CRU's methodology and compliance framework are available here.
Notes for Editors
CRU is a privately-owned and wholly independent company providing business intelligence across global metals, mining and fertiliser industries. We are both a PRA and a research and analysis company. Founded in the late 1960s and headquartered in London, it has over 450 employees worldwide and has analysts and price assessors in London, Pittsburgh, Santiago, Delhi, Mumbai, Shanghai, Beijing, Singapore and Sydney.
The company delivers independent market analysis and price assessment across a comprehensive range of internationally-traded commodities – its reputation with customers across mining, metals and fertilizers is for integrity, reliability, independence and authority.
To request a copy of the reasonable assurance report or if you have any further questions please contact Claire Ballak compliance@crugroup.com.
For press and media enquiries, please contact PR@crugroup.com.
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