In the near term, a broad set of macroeconomic factors is shaping a volatile environment for non-ferrous metals businesses. Key contours:

• • Energy: Brent near $65 per barrel, with downside pressures from IEA projections of a supply surplus by year-end and into 2026, coupled with geopolitical tensions and weakness in Chinese indicators. This scenario could impact energy costs and margins.
  • Copper: Mild rebound, trading around $9,773/tonne. Caution remains due to a higher dollar, uncertainty in Chinese demand, and tariffs; yet Antofagasta demonstrates rising profits thanks to strong prices and increased production.
  • Gold: Steady around $3,335 per ounce, with focus on inflation and geopolitical volatility; US rate cuts appear less likely in the near term.
  • Agriculture (corn and wheat): Futures contracts down, signaling a well-supplied global market and robust harvests. Impacts include agricultural inputs, logistics, and related commodities.
  • What It Means for Your Business
  • Cost Volatility: Energy assets and raw materials can compress margins.
  • Global Demand: Slowdowns (e.g., in China) and geopolitical dynamics affect demand for metals and related data.
  • Financial Planning: A clear view of cash flows, hedging, and working capital is essential to sustain the core business.

Why Market Advisory Must Be Trusted is crucial to relay on:

• • Well-Prepared Analysts: Build realistic scenarios, monitor price drivers, and provide risk-management tools tailored to the sector.
  • Risk Containment: Market insights to address volatility.
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