Every commodity, at a glance.

Held by central banks and investors as the world's reserve asset, with jewelry close behind. Prices move with real interest rates and the dollar.

Industrial demand from solar panels and electronics now leads, with investment demand close behind. Prices swing harder than gold in both directions.

Used in catalytic converters, jewelry, and emerging hydrogen fuel cells. Supply depends heavily on South African mines.

Used almost entirely in gasoline-engine catalytic converters. Supply is concentrated in Russia and South Africa.

Wires the power grid, motors, and every electric vehicle. Prices track global growth and the pace of electrification.

Used in transport, packaging, and construction. Smelting is power-hungry, so prices follow energy costs.

The raw material for steel. Prices rise and fall with Chinese construction and stimulus.

Used mostly in the batteries that start cars and back up power systems. One of the most recycled metals on earth.

The solder that holds together every circuit board. A small market with supply concentrated in Indonesia, Myanmar, and China.

Coats steel against rust for construction and autos. Prices follow the global building cycle.

The essential metal in EV and grid-storage batteries. No exchange contract exists, so prices come from weekly assessments.

Used in stainless steel first and battery cathodes second. Indonesia's supply growth now sets the global price.

Keeps battery cathodes stable and hardens jet-engine alloys. Most of the world's supply comes from the DRC.

The anode material in nearly every lithium battery. China dominates refining while Western projects develop.

Hardens steel, with a growing role in battery cathodes. Supply is led by South Africa, Australia, and Gabon.

The US oil benchmark, delivered at Cushing, Oklahoma. Prices move with OPEC+ decisions, shale output, and demand.

The global benchmark that prices most seaborne crude. Moves with geopolitics and OPEC+ policy.

Fuels power plants, home heating, and LNG exports. Weather and storage levels drive prices.

The refined fuel most of every barrel becomes. Prices track crude oil plus refining margins.

Distillate fuel for winter heating and a close proxy for diesel. Prices follow crude and cold-season demand.

Make the permanent magnets inside EV motors, wind turbines, and defense systems. China controls most refining.

The hardest metal in cutting tools and defense alloys. China supplies most of the world's tungsten.

Strengthens steel and stores grid power in flow batteries. Prices follow Chinese steel demand.

Used in flame retardants, batteries, and ammunition. Prices spiked when China restricted exports.

Alloys the steel in pipelines and turbines. Mined mostly as a copper byproduct, so supply follows the copper cycle.

Builds aircraft frames and medical implants, while its oxide whitens paint and plastics. Two distinct markets, one metal.

A trace addition that makes steel dramatically stronger and lighter. Brazil's CBMM supplies most of the world.

The lightest structural metal, alloyed into cars and aircraft. China dominates production.

Fuels the reactors that generate about a tenth of the world's electricity. A thin market where utilities buy on long-term contracts.