Where your markets are heading into H2
The Mid-Year Commodity Outlook for 2026 brings CRU's analysis across the commodities you follow, from steel and base metals to battery materials, aluminium and fertilizers, into one read. Each market on its own terms, with the drivers shaping supply, demand and price through the rest of the year.
Some of those drivers cut across every market. Geopolitical disruption has reshaped supply chains and price direction, while the pull of the AI build-out is working its way through into commodities. The outlook sets out what these forces mean for each market, and where they matter most.
It also tracks where those markets are starting to move together, so a shift in one becomes something you can read across the others. That connection is one of the clearest signals in the market right now, and it runs through commodities that used to move on their own.
This is the analysis behind the commercial and sourcing decisions H2 demands.
