Home About Our future Our global outlook To identify opportunities and challenges for our business, we monitor the social, financial and geopolitical trends that will shape commodity markets in the short, medium and long term. Commodity trends Commodity markets are volatile. That’s why we monitor global trends both on the supply and demand side that will affect the commodities in our portfolio in the short, medium and long term. Decarbonisation trends Opportunities and risks will arise from a number of global megatrends, such as the electrification of transport and the global imperative to become more effective stewards of land, water and the environment. Economic trends Global economic growth is one of the main drivers of demand for our commodities. BHP Commodity Outlook 1:27 Our market outlook These are some of the global trends that we think will bring opportunities and risks to our portfolio in the short, medium and long term. Find out more Disclaimer Data and events referenced in this report are current as February 2, 2021. The data is compiled from a wide range of publically available and subscription sources, including Bloomberg, Platts, Wood Mackenzie, CRU, Thomson Reuters, Argus, CREIS, Fertecon, FastMarkets, SMM, AME, Parker Bay, MySteel, LME, COMEX, SHFE, ICE, DCE, SGX and I.H.S Markit, among others. © BHP 2021 About What we do Investors Sustainability Careers News Suppliers Contact us Keep in touch Follow BHP to stay up to date https://www.facebook.com/BHP https://www.linkedin.com/company/bhp/ https://www.twitter.com/BHP https://www.youtube.com/BHP Privacy Policy Modern Slavery Act Statement Terms of use Some cookies are strictly necessary for the operation of our website. We also use cookies to monitor your use of our website, compile aggregate data and provide you with a good experience when you browse our website. You can choose to accept or reject cookies, or manage your specific cookie options. For more detailed information on what cookies are and how they work, please read our Cookies Policy. Manage cookies Decline All Accept Cookie Preferences