Three commodities could take off in 2024

By Matthieu Favas

For much of 2023 commodity markets were treading water. Russia’s invasion of Ukraine, on top of supply-chain snarls from covid-19, had sent raw-material prices soaring in 2022. But a subdued economic outlook turned a busy market boring. Some excitement returned in late 2023, as oil prices perked up. But worries about demand kept indices on the floor.