Quarterly Metals Report

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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 metals webinars by our research team and an expert from our industrial commodities team, providing broker insights.

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Quarterly Metals Report – Q2 2025

As we enter the second half of Q2 2025, markets remain gripped by tariff uncertainty, with Trump’s trade agenda continuing to drive global risk sentiment. Volatility has rippled across FX, bonds, and commodities, as investors weigh the trajectory of trade negotiations and the looming end of the 90-day tariff pause. With diplomacy fragile and positioning increasingly tactical, what lies ahead for metals markets in May and June?

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