Key Commodity Trends to Watch in 2025

By Felicity Bradstock – OilPrice.com

Commodity prices are expected to decrease on average in 2025 due to ongoing economic slowdowns across the world. While oil prices are expected to fall, due to a slowdown in demand growth and an increase in production, natural gas prices will likely rise as countries across the globe continue to rely on LNG as a “transition fuel”. The demand for critical minerals is expected to continue rising, however, this may not be reflected in all commodity prices. The race to expand lithium production has led to an oversupply of the mineral, which is expected to eventually shift to a shortage as EV uptake increases sharply over the coming decades. Meanwhile, the demand for copper is expected to grow overall, as several countries increase their demand in line with the expansion of their renewable energy industries. However, China, which drives copper demand, will likely contribute to a smaller-than-anticipated role in the copper market due to its ongoing economic slowdown.