Structural macroeconomic and industry shifts will contribute to changing demand patterns for various commodities over the coming decades, says research firm BMI. “We believe demand for commodities such as coal, iron-ore, steel and fertilisers will slow over the years to 2050, while demand for copper and tin will hold up,” it said in a statement on Friday. Coal is expected to lose dominance over the years owing to tougher global environmental rhetoric and growth in affordable alternative energy sources.
