{"id":13668,"date":"2025-02-19T14:00:44","date_gmt":"2025-02-19T06:00:44","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=13668"},"modified":"2026-02-03T17:30:34","modified_gmt":"2026-02-03T09:30:34","slug":"commodities-2025-opportunities-obstacles","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/market-insights\/commodities-2025-opportunities-obstacles\/","title":{"rendered":"Commodities in 2025: A year of opportunity or obstacles?"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 5<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"13668\" class=\"elementor elementor-13668\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2d1b822d e-con-full e-flex e-con e-parent\" data-id=\"2d1b822d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-16988760 elementor-widget elementor-widget-text-editor\" data-id=\"16988760\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"MsoNormal\">The year 2024 proved to be a tough and challenging one for major commodities. Brent crude oil hit a high of approximately US$90 per barrel in the second quarter but has since declined to around US$75 per barrel. Similarly, copper, often considered a gauge of global economic health, reached a peak just shy of US$11,000 per tonne in Q2 before dropping to the US$9,000 per tonne range by December.\u00a0<\/p>\n<p class=\"MsoNormal\">In contrast, gold continues to thrive amidst economic and geopolitical uncertainties, maintaining its strong performance as we head into the new year.\u00a0 The price volatility of both Brent crude and copper reflects an increasingly complex and difficult environment for the global economy.\u00a0<\/p>\n<p class=\"MsoNormal\">While initial optimism surrounded the latest round of stimulus, investors are now recognising that China&#8217;s economic recovery faces significant hurdles.\u00a0 The country still needs to address the heavy debt burden in its property sector. Meanwhile, consumer and investor confidence in China has yet to see substantial improvement, resulting in weak retail spending growth and a continued contraction in the money supply. China\u2019s already fragile economy faces additional strain from the looming threat of higher trade tariffs under a second Trump administration.<\/p>\n<p class=\"MsoNormal\">Europe\u2019s growth outlook also remains under pressure. The ongoing Russia-Ukraine conflict has forced eurozone countries to significantly increase fiscal spending on collective defense. This rising debt burden comes as Germany and France\u2014the eurozone\u2019s traditional industrial leaders\u2014hover near recession. France has recently experienced a sovereign credit rating downgrade due to escalating budgetary and political crises. Unsurprisingly, the European Central Bank has responded by aggressively cutting interest rates, reducing its benchmark refinancing rate from <a href=\"https:\/\/www.businesstimes.com.sg\/international\/asean\/volatile-commodity-prices-portend-challenging-2025\">4.5 per cent at the beginning of 2024 to 3.15 per cent by December<\/a>.<\/p>\n<p class=\"MsoNormal\">The outlook for 2025 appears challenging for both Germany and France. In Germany, the upcoming federal election in February could further heighten economic uncertainty.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a3a8d9a elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"a3a8d9a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Trade Tariffs Cast a Shadow<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65e848e elementor-widget elementor-widget-text-editor\" data-id=\"65e848e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"MsoNormal\">The dynamics in the global energy market have shifted significantly, particularly for Brent crude oil. OPEC is struggling to stabilise crude oil prices and maintain its market share, having ceded much of its influence on the United States.<\/p>\n<p class=\"MsoNormal\">With daily production reaching <a href=\"https:\/\/www.eia.gov\/\">approximately 13.5 million barrels<\/a>, the U.S. has firmly established itself as the world&#8217;s largest crude oil producer. This surge in production began during the first Trump administration and expanded further under Biden&#8217;s term. In contrast, Saudi Arabia, constrained by production cuts, currently produces only nine million barrels daily\u2014roughly 50% less than the U.S.<\/p>\n<p class=\"MsoNormal\">Compounding this, weakening economic growth in both China and the eurozone has led OPEC to repeatedly revise down its global energy demand forecasts. This persistent threat of oversupply continues to depress Brent crude oil prices.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e32fbc9 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"e32fbc9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Copper Reflects Economic Malaise<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20527ca elementor-widget elementor-widget-text-editor\" data-id=\"20527ca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"MsoNormal\">Known as \u201cDr. Copper\u201d for its ability to gauge economic health, copper prices closed 2024 just under $9,000 per tonne, signaling further economic strain in 2025. Copper\u2019s performance remains highly sensitive to China\u2019s industrial slowdown, with weak activity levels contributing to rising copper inventories on major global exchanges.<\/p>\n<p class=\"MsoNormal\">Adding to the challenges, <a href=\"https:\/\/www.reuters.com\/markets\/commodities\/copper-stocks-surge-offers-little-relief-cme-shorts-2024-06-25\/\">copper inventories have surged on major global exchanges such as the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE)<\/a>. This rise in stockpiles suggests that consumption has not matched production levels, creating a supply glut that is weighing heavily on prices. The widening cash spread discount in copper markets\u2014a condition where spot prices trade significantly lower than future prices\u2014further underscores weak immediate demand and bearish sentiment.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9aa81f elementor-widget elementor-widget-image\" data-id=\"e9aa81f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"960\" height=\"540\" src=\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/02\/233.jpg\" class=\"attachment-large size-large wp-image-13670\" alt=\"Molten steel pouring from a ladle in a steel mill with industrial smokestacks visible.\" srcset=\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/02\/233.jpg 960w, https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/02\/233-300x169.jpg 300w, https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/02\/233-768x432.jpg 768w, https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/02\/233-18x10.jpg 18w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f364d7 elementor-widget elementor-widget-text-editor\" data-id=\"1f364d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"MsoNormal\">The outlook for copper remains clouded by China\u2019s uncertain trajectory. The metal\u2019s price is particularly vulnerable to any further signs of economic stagnation in the world\u2019s second-largest economy. If China fails to implement effective stimulus measures or resolve its structural issues, such as its property market crisis and high debt levels, copper prices could see continued downward pressure.<\/p>\n<p class=\"MsoNormal\">Looking ahead to 2025, the bearish sentiment reflects not only the immediate challenges facing the global economy but also uncertainty over trade policies under the second Trump administration. Higher tariffs on Chinese goods or disruptions to global trade could further suppress demand for industrial metals like copper.<\/p>\n<p class=\"MsoNormal\">Nevertheless, global transition to renewable energy and the growing adoption of electric vehicles (EVs) are expected to drive substantial demand for the metal over the coming decades. While these trends are unlikely to provide immediate relief, they highlight copper\u2019s critical role in the green energy transition and its potential for a significant rebound once economic conditions stabilize.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f71afcb elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"f71afcb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What\u2019s next for Brent Crude and Copper<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24b9a45 elementor-widget elementor-widget-text-editor\" data-id=\"24b9a45\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"MsoNormal\">While the short-term outlook for both Brent crude oil and copper appears bleak, the medium- to long-term perspective could shift.<\/p>\n<p class=\"MsoNormal\">For Brent, the futures curve remains flat, indicating that geopolitical risks, especially in the Middle East, may not be fully reflected. Any potential escalation in regional conflicts could impact supply and influence prices.Similarly, copper faces a looming supply deficit over the medium term. Ageing mines are unlikely to meet growing demand fueled by the green energy transition and the rising adoption of electric vehicles.\u00a0<\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a43ece elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"7a43ece\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Gold Continues to Shine<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-897091f elementor-widget elementor-widget-text-editor\" data-id=\"897091f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"MsoNormal\">In contrast, gold has thrived amid global economic and geopolitical uncertainties, rallying nearly 30% in 2024 from $2,000 per ounce in January to $2,600 per ounce by year-end.<\/p>\n<p class=\"MsoNormal\">Key drivers of this strength include sustained central bank purchases\u2014particularly in emerging markets and Asia\u2014and robust retail demand for physical gold and jewelry. Both trends are motivated by diversification needs amid rising geopolitical tensions and uncertainty surrounding the U.S. dollar.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0287e7c elementor-widget elementor-widget-image\" data-id=\"0287e7c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"960\" height=\"540\" src=\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/02\/235.jpg\" class=\"attachment-large size-large wp-image-13672\" alt=\"A detailed, golden stack of standardized 1000g gold bars, emphasizing commodity investment and high-grade precious metal.\" srcset=\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/02\/235.jpg 960w, https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/02\/235-300x169.jpg 300w, https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/02\/235-768x432.jpg 768w, https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/02\/235-18x10.jpg 18w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ece417 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"9ece417\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Diverging Prospects in 2025<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ebb9fd elementor-widget elementor-widget-text-editor\" data-id=\"0ebb9fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The year ahead will see divergent outcomes for Brent crude oil, copper, and gold. Brent and copper are likely to face headwinds from slowing growth in China and Europe, along with uncertainties tied to higher trade tariffs under the Trump administration.<\/p>\n<p>Conversely, gold is expected to remain a standout performer, benefiting from persistent demand for safe-haven assets in an environment of heightened geopolitical and economic risks.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit; letter-spacing: -0.3px;\">In summary, 2025 may be shaping up to be a year of divergence for key commodities. While Brent crude oil and copper face challenges from a slowing global economy and trade disruptions, gold is positioned to thrive as investors seek refuge in the face of uncertainty. For market participants, the year ahead underscores the importance of diversification and a keen focus on navigating the complex dynamics shaping the global commodities market.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f129e5 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"7f129e5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u4e1c\u8bc1\u671f\u8d27\u56fd\u9645\uff08\u65b0\u52a0\u5761\uff09\u7b80\u4ecb\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4140aaa elementor-widget elementor-widget-text-editor\" data-id=\"4140aaa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<!-- wp:paragraph -->\n<p class=\"translation-block\">\u4f5c\u4e3a\u4e0a\u6d77\u56fd\u9645\u80fd\u6e90\u4ea4\u6613\u4e2d\u5fc3\uff08INE\uff09\u3001\u5927\u8fde\u5546\u54c1\u4ea4\u6613\u6240\uff08DCE\uff09\u53ca\u90d1\u5dde\u5546\u54c1\u4ea4\u6613\u6240\uff08ZCE\uff09\u7684\u5883\u5916\u4e2d\u4ecb\u673a\u6784\uff0c\u5883\u5916\u5ba2\u6237\u901a\u8fc7\u6211\u4eec\u53c2\u4e0e\u4e2d\u56fd\u5e02\u573a\u7684\u56fd\u9645\u5316\u671f\u8d27\u5408\u7ea6\u65f6\uff0c\u53ef\u76f4\u901a\u4ea4\u6613\u3001\u6e05\u7b97\u53ca\u7ed3\u7b97\u5168\u6d41\u7a0b\u3002\u6211\u4eec\u7684\u6bcd\u516c\u53f8\u4e0a\u6d77\u671f\u8d27\uff0c\u662f\u4e2d\u56fd\u4e94\u5bb6\u76d1\u7ba1\u671f\u8d27\u4ea4\u6613\u6240\u4e2d\u6309\u603b\u4ea4\u6613\u91cf\u8ba1\u6392\u540d\u5c45\u524d\u7684\u7ecf\u7eaa\u5546\u3002<\/p>\n<p class=\"translation-block\">\u4f5c\u4e3a\u6301\u6709\u65b0\u52a0\u5761\u91d1\u878d\u7ba1\u7406\u5c40\uff08MAS\uff09\u9881\u53d1\u7684\u300a\u8d44\u672c\u5e02\u573a\u670d\u52a1\u8bb8\u53ef\u8bc1\u300b\u7684\u673a\u6784\uff0c\u6211\u53f8\u63d0\u4f9b\u5168\u65b9\u4f4d\u8d44\u672c\u5e02\u573a\u670d\u52a1\uff0c\u6db5\u76d6\u8bc1\u5238\u3001\u573a\u5185\u884d\u751f\u54c1\u3001\u573a\u5916\u884d\u751f\u54c1\u53ca\u6760\u6746\u5916\u6c47\u7b49\u591a\u7c7b\u4ea7\u54c1\u3002<\/p>\n<p>\u4e1c\u8bc1\u671f\u8d27\u65b0\u52a0\u5761\u662f\u4e9a\u592a\u4ea4\u6613\u6240\u3001\u65b0\u52a0\u5761\u884d\u751f\u54c1\u4ea4\u6613\u6240\u4ee5\u53ca\u6d32\u9645\u65b0\u52a0\u5761\u4ea4\u6613\u6240\u7684\u4ea4\u6613\u548c\u6e05\u7b97\u4f1a\u5458\uff0c\u4e3a\u5ba2\u6237\u63d0\u4f9b\u8986\u76d6\u56fd\u9645\u5e02\u573a\u7684\u7efc\u5408\u4ea4\u6613\u670d\u52a1\u3002<\/p>\n<!-- \/wp:paragraph -->\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 5<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>The year 2024 proved to be a tough and challenging one for major commodities. Brent crude oil hit a high of approximately US$90 per barrel in the second quarter but has since declined to around US$75 per barrel. Similarly, copper, often considered a gauge of global economic health, reached a peak just shy of US$11,000 per tonne in Q2 before dropping to the US$9,000 per tonne range by December.\u00a0<\/p>","protected":false},"author":3,"featured_media":13671,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"enabled","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","_links_to":"","_links_to_target":""},"categories":[30],"tags":[],"post_language":[],"class_list":["post-13668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Commodities in 2025: A year of opportunity or obstacles? 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