The World Bank has issued a sobering forecast for global commodity markets, projecting a significant decline in real prices over the next two years. According to its latest Commodity Markets Outlook, prices for raw materials are expected to fall by 12% in 2025 and a further 5% in 2026—reaching their lowest inflation-adjusted levels since the early 2020s. This shift comes amid a broader economic deceleration, in part triggered by protracted trade tensions and geopolitical uncertainty.