Here are five key trends shaping global commodity markets this week, from oil talks at the White House to soaring cobalt prices and rising steel protections.
Oil – Top US oil executives are set to meet President Trump to discuss energy policy as crude prices fall and global supply outpaces demand.
Coal – Asian coal prices hit their lowest since 2021, but demand is rising, including in the US, where the government is working to keep plants open.
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Cobalt – Prices are surging after the Democratic Republic of Congo, the top producer, imposed a four-month export ban to curb oversupply.
Steel – Countries like the US, EU, South Korea, and Brazil are tightening steel import controls as China’s exports near record highs.
Eggs – Bird flu outbreaks are driving up egg prices in Europe, following similar surges in the US. With Easter approaching, demand remains strong.
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