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Global Metal Market 2026: Volatility and New Opportunities

As of April 10, the global commodity metals market is characterised by significant volatility driven by geopolitical tensions and the accelerating clean energy transition . Copper prices are forecast to reach $13,500 per tonne, supported by AI data center growth and electric vehicle demand . Aluminium is expected to trade at $3,500–$3,600 per tonne, while tin is projected to fluctuate between $45,000 and $48,000 per tonne . Key factors to watch include ongoing Middle East tensions, particularly the potential closure of the Strait of Hormuz; the clean energy transition and AI data center growth driving copper and tin demand; and China's export policies, which remain a critical variable for strategic metals . Precious metals remain volatile but serve as safe-haven assets, while industrial metals linked to clean energy are emerging as the "rising stars" of the market .