Risk On: The Macro Environment for Moving Metals Prices

Podcast: The Decisive Podcast: Insights and analysis to empower confident decision-making. · S&P Global Market Intelligence

Opublikowano: 2026-04-11

In the first episode of season 6 of The Decisive podcast, S&P Global Market Intelligence's Jason Kaplan unpacks why 2026 is shaping up as a "risk-on" commodities environment—with steady but subdued global growth, rising volatility, and a deepening flight to safety that's pushing risk premiums across key markets. Jason, a senior economist in the Pricing and Purchasing team, connects macroeconomic signals to real-world pricing and trade flows, including how tariffs and regionalization are re-splitting markets after years of prices moving in lockstep. With a year of tariff data now visible, Jason details how Section 232-era aluminum tariffs an...