Top Calls for Commodity Markets in 2026
CRU analysts outline their “top calls” across the global economy and major commodity markets for 2026, highlighting modestly slower growth, continued AI-driven demand pull, and stalled globalisation rather than a full-scale trade breakdown.
- Sector by sector, we highlight policy as a primary market mover (e.g., carbon border measures in Europe and tariffs in the US), alongside supply-side uncertainty (e.g., ramp-ups, disruptions and strategic support for capacity).
- Battery materials remain characterised by rapid technology evolution and supply-chain reconfiguration.
- Meanwhile, bulk commodities and base metals face renewed volatility from raw-material dynamics and processing bottlenecks.
- Fertilizers remain highly price-sensitive, with carbon rules reshaping trade and procurement.
CRU’s 2026 Commodity Outlook Report delivers the integrated intelligence and expert analysis you need to navigate these shifts confidently, understand the forces redefining markets, and identify opportunity amid uncertainty.
If you are looking to delve deeper into any of the subjects raised within the report or wish to discuss specific project requirements, contact us and we'll be happy to help.
