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Wood Mackenzie

Wood Mackenzie is a global research and consultancy firm specialising in energy, renewables, chemicals and metals markets. Headquartered in Edinburgh, Scotland, the company provides data, analysis and insight to support strategic decision-making across the natural resources sector. Its services include market forecasting, asset valuation, cost benchmarking and commercial intelligence for upstream and downstream oil and gas, liquefied natural gas (LNG), power and renewables, metals and mining. Wood Mackenzie serves a client base of energy companies, financial institutions, governments and trading houses worldwide. The firm employs several hundred analysts and consultants across offices in key energy hubs including London, Houston, Singapore and Dubai. It is known for its proprietary databases on reserves, production, costs and project economics. Wood Mackenzie was founded in 1923 as a stockbroking firm in Edinburgh and evolved into energy research during the North Sea oil boom of the 1970s. The company was acquired by Verisk Analytics in 2015, operating as a standalone brand within the Verisk Energy division.

Wood Mackenzie Updates


Wood Mackenzie head of copper research Charles Cooper
Grid investment emerging as biggest driver of future copper demand, says analyst
4th June 2026 By: Mariaan Webb

Investment in electricity grids is set to become the single most important driver of copper demand over the coming decades, underpinning growth from renewable energy, electric vehicles (EVs) and... 


 	Wood Mackenzie Head of Copper Research, Charles Cooper
Copper Demand in an Electrifying and Digitising World
4th June 2026

Investment in electricity grids is set to become the single most important driver of copper demand over the coming decades, underpinning growth from renewable energy, electric vehicles and... 


Molten copper being cast in Zambia
Acid shortage dominates copper economics concerns as fees tumble
6th May 2026 By: Reuters

As copper smelters, miners and traders gather in Hong Kong for LME Week Asia, sulphuric acid prices are shaping talks over how low copper concentrate processing fees can go. Soaring prices for the... 


Alcoa aluminium smelter
Aluminium market headed for 'unprecedented crisis' warns WoodMac
16th April 2026 By: Reuters

The Iran war is triggering an unprecedented crisis in the global aluminium market with potentially devastating knock-on effects across sectors as diverse as construction, packaging, transport and... 


IMF, World Bank, IEA warn that fuel prices may remain high for prolonged period
IMF, World Bank, IEA warn that fuel prices may remain high for prolonged period
14th April 2026 By: Terence Creamer

The heads of the International Energy Agency (IEA), International Monetary Fund (IMF), and World Bank Group have jointly warned that fuel and fertiliser prices may remain high for a prolonged... 


Post-war recovery of Middle Eastern oil and gas fields could take months
9th April 2026 By: Rebecca Campbell

Edinburgh, Scotland-based global energy and natural resources analytics, insights and proprietary data company Wood Mackenzie has warned that it would be months, after a ceasefire was achieved in... 


IMAGE OF IRON ORE OPERATION
Simandou iron-ore project, Guinea – update
3rd April 2026 By: Sheila Barradas

Research and consultancy group Wood Mackenzie has forecast that the Simandou project will alter global seaborne iron-ore trade. 


A hydropower plant
Water intensity forces power sector to advance cooling technologies
2nd April 2026 By: Creamer Media Reporter

Water stress is forcing the global energy sector to redesign cooling infrastructure to manage declining water availability, research published by Wood Mackenzie reveals. Thermoelectric, nuclear and... 


Guinea’s Simandou to become largest driver of seaborne iron-ore supply growth – WoodMac
Guinea’s Simandou to become largest driver of seaborne iron-ore supply growth – WoodMac
1st April 2026 By: Sabrina Jardim

The emergence of Guinea's Simandou as a large-scale, high-grade iron-ore supplier marks a significant change in the global seaborne iron-ore market. According to consultancy Wood Mackenzie... 


Factory with smoke coming out
Mining of critical minerals not as big an emissions contributor as many assume – ICMM
27th March 2026 By: Marleny Arnoldi

Responsible mining organisation ICMM confirms in a new research report that mining for minerals important for the green transition and sustainable development is not a major source of... 


An oil rig and oil tanker at sea
Oil prices seesaw as markets weigh IEA reserves release, persistent supply concerns
11th March 2026 By: Reuters

Oil prices rebounded on Wednesday as markets doubted whether the International Energy Agency's reported plan for a record release of oil reserves could offset potential supply shocks from the... 


Oil could hit $150/bbl, WoodMac warns
Oil could hit $150/bbl, WoodMac warns
10th March 2026 By: Sabrina Jardim

With 15-million barrels a day of Gulf supply suddenly offline, global oil demand will need to fall to rebalance the market, a process that could require prices to reach $150/bbl, new analysis by... 


Factory with smoke coming out
Mining of critical minerals not as big an emissions contributor as many expect - ICMM
10th March 2026 By: Marleny Arnoldi

Responsible mining organisation ICMM confirms in a new research report that mining for minerals important for the green transition and sustainable development is not a major source of... 


Middle East conflict threatens Asian LNG demand growth over next decade, WoodMac warns
6th March 2026 By: Sabrina Jardim

Consultancy Wood Mackenzie (WoodMac) has reported that its analysis indicates that the Middle East conflict could disrupt 200-million tonnes a year of forecast Asian liquefied natural gas (LNG)... 


Lithium demand could exceed 13Mt by 2050 – WoodMac
Lithium demand could exceed 13Mt by 2050 – WoodMac
3rd March 2026 By: Sabrina Jardim

Global lithium demand could exceed 13-million tonnes by 2050 under an accelerated energy transition, more than double base case projections, according to consultancy Wood Mackenzie’s (WoodMac’s)... 


An oil rig and tanker
Oil prices to remain high for days with Strait of Hormuz in spotlight, analysts say
2nd March 2026 By: Reuters

Analysts expect oil prices to remain elevated over the coming days while markets focus on the impact of escalating Middle East conflict on supplies through the Strait of Hormuz, a conduit for more... 


The Trump administration launched the $12bn reserve in early February.
Trump’s $12bn Project Vault offers short-term buffer but leaves structural gaps, says Woodmac
17th February 2026 By: Creamer Media Reporter

The Trump administration’s newly launched $12-billion Project Vault will provide a tactical buffer against critical minerals supply shocks, but it falls short of addressing deep structural... 


China's 2026 coal output set for slowest growth this decade despite lower imports
China's 2026 coal output set for slowest growth this decade despite lower imports
11th February 2026 By: Reuters

China's coal output is expected to rise 35-million metric tons to 4.86-billion tons in 2026, a major coal industry group said on Tuesday, the slowest pace this decade despite projections of a... 


critical minerals
Consultancy flags geopolitical risk, investment restraint for mining in 2026
6th February 2026 By: Darren Parker

Geopolitical uncertainty, a slower but irreversible energy transition and continued capital discipline will define conditions in the global metals and mining sector this year, consultancy Wood... 


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