Quarterly Metals Report

In-depth analysis and price forecasts for base, precious and ferrous metals
Our quarterly metals report provides expert analysis and price forecasts for base, precious and ferrous metals, providing metal industry participants with actionable insights.
This in-depth report includes reviews of the macroeconomic environment and outlook for the global economy, central bank activity, analysis of manufacturing PMIs and geo-political influences.
Report highlights are also presented at our quarterly metal market webinars by our research team and an expert from our industrial commodities team, providing broker insights.

Quarterly Metals Report – Q4 2023
In the previous quarter, expectations shifted from a pause in the central bank tightening cycle to further rate increases in July and potentially later in Q4 2023. As we move away from central bank-centric rhetoric, economic growth and consumer performance will be key in driving the risk sentiment across the board. Still, China's stimulus outlook remains critical to the longer-term narrative for metals this quarter. Sentiment has been improving as signs emerged that regulators are working to follow through on the promises made at the most recent Politburo meeting. However, markets remain cautious about the scale of support, and any positive news seems short-lived. As a result, the positive stimulus is more likely to solidify support levels than boost bullish sentiment in the near term.
Quarterly Metals Report Archive
Sign-up to get the latest market insights
We will email you each time a new report has been published.