Commodities of the future to boom over 20-year horizon

A significant number of commodities are set to experience strong demand growth over the next 20 years, while “conventional” commodities will receive an added boost as they take a central stage in the green and digital transitions, says financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions).

The firm reveals that it expects oil, iron-ore, conventional steel, zinc, sugar and beef to broadly stagnate, demand-wise, in the next 20 years.

However, the “commodities of the future”, including copper, nickel, aluminium, lithium, cobalt, tin, rare earths, metal scraps and green steel, are likely to experience a boom in demand over a two-decade horizon.