In this episode, Helen Amos and Joel Jackson discuss disruptions to fertiliser supply chains stemming from the Iran conflict. Nitrogen and sulphur prices have already seen huge gains (phosphate prices are rising too) with seemingly little slack in the system for a supply response to plug the gap. They discuss how this compares in scale with the onset of the Russia/Ukraine war in 2022, and what this means for mining operations dependant on sulphuric acid for leaching and ammonia nitrate for explosives.

⁠Click here for transcript.⁠

BMO clients can view our reports here:

⁠Fertilizer Stocks Reawaken as Conflict Intensifies⁠

⁠Middle East Conflict Supply Risk: Aluminium and Iron Ore Pellets Vulnerable⁠

⁠Mining Costs With Higher Oil; What Are The Sensitivities?⁠

⁠BMO Special Event: Commodities: Middle East Conflict⁠

⁠First Attempt to Quantify Current Conflict, Comping to 2022 (and Even 2008)⁠⁠Another Week of War Escalation and Duration -Driven Volatility⁠

⁠Fertilizer and Methanol Impacts From Middle East and Iran Developments⁠

To access our full disclosures, please visit: ⁠https://research.bmo.com/public/disclosures

On March 17, BMO hosted a discussion on the Middle East conflict and how it is likely to impact the US and Canadian economies, and energy markets. The panel included: Doug Porter, Chief Economist, who discussed the implications for growth, inflation, and central bank policy, and Randy Ollenberger, Oil and Gas Analyst, who explored whether markets are pricing this as a temporary supply shock or a more persistent geopolitical risk, and what that means for oil, refined products, and volatility ahead.

Commodity prices are reacting in a major way to the ongoing conflict in the Middle East. Please join our analysts, Randy Ollenberger, John McNulty, Joel Jackson, Helen Amos and George Heppel for a group conference call where we discuss our latest thoughts for near- and medium-term impacts on energy, metals, fertilizers, and chemicals markets.

⁠Click here for transcript.⁠

To access our full disclosures, please visit: ⁠https://research.bmo.com/public/disclosures⁠

On March 9th, we sat down with Doug Porter and Randy Ollenberger to examine the market and economic implications of the escalating conflict in the Middle East and the resulting energy shock. The conversation traces recent geopolitical developments, reactions across energy commodities and equities, and risks surrounding the Strait of Hormuz. Doug Porter assesses inflation, growth, and central bank implications for Canada and the U.S., while Randy Ollenberger outlines scenarios keeping oil above $100 or pulling it back lower.

Click here for transcript

In this special Metal Matters podcast, BMO Commodities Analyst Helen

Click⁠ here⁠ for transcript.

To access our full disclosures, please visit: ⁠https://research.bmo.com/public/disclosures

In this episode, Helen Amos is joined by BMO’s Chief Economist Doug Porter to discuss the impact of big macro shifts on the metals and mining space. They talk everything from rate cuts, the US dollar, AI, de-dollarisation, global trade, and emerging market development

Click here for transcript.

With a few months to go in 2025, our expert panel delves into their latest outlook for the US and Canada, exploring GDP, inflation, central bank policy and trade policy. Ernie Tedeschi, Director of Economics at Yale University’s Budget Lab, Doug Porter, Chief Economist, BMO and Dan Philips, Chief Investment Officer, BMO US Wealth Management, each provide their unique perspectives on asset classes, market risks, and the evolving landscape influenced by AI, automation, and de-globalization.

Click here for transcript

To access our full disclosures, please visit: https://research.bmo.com/public/disclosures

In the first episode of our re-launched podcast, we discuss copper back to $10k, iron ore’s resilience, macro shifts, Chinese stockpiling, and the case for a new mining upcycle.

⁠BMO Precious Metals Monitor: Poised for the Cut⁠⁠

PGMs: Picking the Right Basket⁠⁠

Anti-Involution Needs Patience: Copper and Coal Screen Strongest⁠

⁠Click here for transcript.⁠

To access our full disclosures, please visit: ⁠https://research.bmo.com/public/disclosures

If enforced, President Trump’s introduction of a 50% tariff on copper could significantly impact global copper pricing, supply chains and inventories. Join our Equity Research Analysts, Helen Amos, Matt Murphy, and Katja Jancic, as they discuss anticipated outcomes and implications moving forward.

Click here for transcript.

Click here for important disclosures.

BMO experts discuss the evolving Canadian political and economic landscape following the election of Prime Minister Mark Carney.

Click here for transcript.

⁠Click here for important disclosures⁠.