2024 key commodity market outlook: Part 1

Samsung C&T’s traders watch all of these markets very closely while operating out of dozens of locations worldwide. They assess and respond to demand fluctuations while constantly striving to bolster supply chains through the company’s global logistics networks.

Regarding the specific commodities mentioned above, Samsung C&T is involved in a range of global steel trading operations across nearly 40 countries – and we recently got to know about stainless steel and the company’s related interests, which include production bases in Europe and China. It also continues to be active in the copper business, having built expertise in this area since 1981. Samsung C&T trades both copper cathode and concentrates, sourcing suppliers and securing demand across four continents.

Meanwhile, the company has been participating in the recycling value chain of core renewable battery materials such as nickel and cobalt, as Samsung C&T seeks to help drive the circular economy potential of these commodities while it strengthens its eco–friendly business portfolio. Moreover, the company supports the supply of precious metals by trading mining chemicals. Our recent Office Spotlight article focusing on Accra showcased the activities of Samsung C&T’s Ghana-based traders in an area once called the Gold Coast as Ghana is rich in mineral resources – and especially gold.

But our outlook for various markets doesn’t stop there – we will continue with part two of this series next month.