The World Bank's recent Commodity Markets Outlook predicts that metal prices will decrease by 8 percent in 2023 and another 3 percent in 2024.

The bank claims that all metal prices increased for the quarter, especially those for tin & iron ore. The bank stated that

Aluminium prices are predicted to decrease by 11 percent in 2023. As a result of an output recovery as short-term obstacles are removed.

Prices for copper are predicted to decline by 4 percent in 2023 from 2022 and by a further 6 percent in 2024 as supplies conditions increase.

The energy shift, however, "could considerably lift demand for some metals. Particularly copper, lithium, & nickel, in the longer term,"