Sustainability to drive commodity markets for next ten years ? Hambro

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China's strong demand for commodities has shifted the global industry’s perspective away from developing market consumption to a focus on Chinese consumption, BlackRock MD Evy Hambro said during a discussion as part of this year’s virtual Platinum Group Metals (PGMs) Industry Day, on March 24.

This shift in perspective led to a change in the entire commodity landscape, he commented, noting that it affected corporate strategy, which was “always cyclical”, and also impacted on the net price cycles.

However, trends around sustainability would drive markets for the next decade, he said, explaining that this was a “huge thing” for both the financial and resources sectors, as resources companies, for example, had an opportunity to reconsider the role they played within society “because you cannot supply the world’s needs for the carbon transition without commodity supply”.

Producing these commodities in a sustainable way, with as little impact as possible on the world, and doing it in a way that was responsible, was going to impact on the perspectives of companies, which Hambro believed was a transition the world was already experiencing, though slightly earlier than initially expected.