Reference

The commodities we cover

Six sectors, thirty-plus markets. Concise primers explaining what each commodity is, who produces it, and what makes its price move.

Energy

Pricing power has shifted east. OPEC+ discipline and Asian demand set the floor.

The electrification trade. Watch Chinese property data and Chilean mine output.

Central-bank gold buying has decoupled the metal from real US yields.

Climate volatility has become structural. El Niño cycles dominate the multi-year trend.

Boom-bust supply cycles. African and Indonesian production reshape the curve.

The quiet markets where policy shocks produce the largest moves.