Canadian Raw Material Prices Jump in January

EthereumCraftsman · 2026-02-20T14:20:18+00:00

In January 2026, Canada's Raw Materials Price Index surged 7.7% month-over-month, driven by a 15.6% increase in metal ores and a 4.6% rise in crude energy products amid geopolitical tensions affecting supply. Yearly, the RMPI rose 8.0%.

EthereumCraftsman

2026-02-20 14:20:18

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Canada’s Raw Materials Price Index (RMPI) climbed 7.7% month-over-month in January 2026, accelerating from a 0.5% gain in the prior month. Metal ores, concentrates, and scrap led the advance, surging 15.6%, a ninth consecutive monthly increase, driven primarily by sharp price gains in silver ores, concentrates, and mill bullion (41.8%) and gold ores, concentrates, and mill bullion (9.5%). Crude energy products also moved higher, rising 4.6% in January, with both conventional crude oil (4.9%) and synthetic crude oil (4.3%) posting monthly gains. Escalating geopolitical tensions between the US and Iran, compounded by ongoing domestic unrest in the OPEC member nation, fueled concerns over potential supply disruptions and pushed crude prices higher. On a yearly basis, the RMPI rose 8.0% in January.

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