Global commodity prices
Fluctuations expected to persist in the short to medium term
Price changes are likely to continue in the near future. Shifts in U.S. trade policy and tariffs are making global prices for materials like steel and aluminium harder to predict.
With geopolitical tensions still ongoing, construction projects need to plan for this uncertainty, in both timelines and costs.
Recent price changes reflect a mix of global factors:
Ongoing US — China trade tensions
Brent Crude dropping to a four-year low
Higher supply from OPEC
Geopolitical tensions in the Middle East
These shifts continue to put pressure on supply chains and make cost planning more complex.