US/China tension likely to drive demand for some commodities – Ninety One

This year is poised to have various influences impacting on commodity markets, including Donald Trump’s re-election as US President, says private baking organisation Ninety One.

In unpacking the organisation’s outlook for the year, Ninety One global natural resources co-portfolio manager George Cheveley says although 2024 was a “relatively quieter” year for resource markets compared with the volatility of prior years, this year will see concerns over Tump’s tariff policies and China’s response.