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Industry - Global Industry Forecasts - Basic Metals

Publisher Oxford Economics
Published Sep 12, 2025
Length 36 Pages
SKU # OFE20418485

Description

We have raised our 2025 Global basic metals production forecast to 3.5%, reflecting stronger-than-expected resilience despite the implementation of US tariffs. However, much of this strength stems from front-loaded production and shipments ahead of the tariffs, which are now expected to unwind. As a result, we anticipate a modest decline in global basic metals output in Q3 and Q4, as tariffs and reduced investment spending weigh on industrial activity and metals demand.

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