CCRV - Commodities Outlook 2022: Keeping The Faith

• Commodities are set to be the best performing asset class of 2021, with the Bloomberg Commodity index up around 25% YTD, although it has been up by as much as 35% over the course of the year.
• The balances for most metals also look relatively better next year, which suggests that prices will edge lower from current elevated levels.
• So overall, while we see some marginal downside risks across the commodities complex in 2022, on a historical basis, prices are likely to trade at elevated levels for another year.

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