Commodities by Market Cap

Compare gold, oil, natural gas, copper, lithium, agriculture, and other global commodities by estimated total market value.

Total Market Cap:$393.849T
Assets:20
#NamePriceMarket Cap24h %7d %
1
Coal
COAL
$130.00$139.100T+0.00%
2
🛢️
Crude Oil
OIL
$80.00$124.000T+0.00%+0.00%
5
🌽
Corn
CORN
$450.00$21.150T+0.00%+0.00%
8
🔩
Iron Ore
FE
$110.00$18.700T+0.00%
9
🔥
Natural Gas
NATGAS
$2.50$18.250T+0.00%+0.00%
11
🌾
Wheat
WHEAT
$600.00$17.100T+0.00%+0.00%
13
🫘
Soybeans
SOYB
$1,100.00$15.400T+0.00%+0.00%
15
🔶
Copper
CU
$4.50$8.820T+0.00%+0.00%
16
🍬
Sugar
SUGAR
$22.00$8.800T+0.00%+0.00%
17
Coffee
COFFEE
$280.00$6.160T+0.00%+0.00%
19
🧲
Rare Earth Elements
REE
$35,000.00$4.550T+0.00%
24
🧶
Cotton
COTTON
$70.00$3.850T+0.00%+0.00%
30
🪶
Aluminum
AL
$2,400.00$2.880T+0.00%
38
⚙️
Nickel
NI
$16,000.00$2.080T+0.00%
52
☢️
Uranium
URA
$85.00$1.360T+0.00%
70
🔧
Zinc
ZN
$2,700.00$675.000B+0.00%
100
🔋
Lithium
LI
$15,000.00$420.000B+0.00%
139
💎
Cobalt
CO
$30,000.00$249.000B+0.00%
157
🍚
Rice
RICE
$17.00$187.000B+0.00%
199
🥫
Tin
SN
$25,000.00$117.500B+0.00%

How to read the commodity market cap ranking

This commodity ranking estimates the total value of major energy, metal, industrial, and agricultural markets. It is built to make physical commodity scale easier to compare with stocks, crypto, ETFs, GDP, and currencies.

What commodity market cap means

Commodity market cap is an estimate based on price per unit multiplied by a supply measure such as reserves, above-ground stock, or production-related supply. The exact method varies by commodity because oil, copper, wheat, uranium, and lithium are measured differently.

Best use of this table

Use the list as a scale comparison, not a precise liquidation value. Commodity markets are affected by storage, grade, location, futures curves, geopolitics, and supply-chain constraints.

Commodity estimates combine scheduled market prices with public supply assumptions and static estimates for markets without reliable live tickers.

Frequently Asked Questions

What is a commodity's market capitalization?

+

A commodity's market cap represents the total estimated value of all the commodity in existence or in active supply, calculated by multiplying the current spot price by the estimated global supply. For example, oil's market cap reflects the value of all proven reserves or annual production at current prices. It is a useful way to compare the scale of physical commodity markets against financial assets like stocks or crypto.

What is the difference between spot price and futures price?

+

The spot price is the current market price for immediate delivery of a commodity, while the futures price is the agreed-upon price for delivery at a specific future date. Futures prices can be higher (contango) or lower (backwardation) than spot prices depending on storage costs, supply expectations, and market sentiment. Most commodity rankings on this site use spot prices as the basis for market cap calculations.

What drives commodity prices up or down?

+

Commodity prices are driven by supply and demand fundamentals — factors like weather patterns, geopolitical events, production cuts, and shifts in industrial or consumer demand all play a role. Central bank policy and the strength of the US dollar also heavily influence commodity prices, since most are priced in USD. For energy commodities like oil and natural gas, OPEC+ production decisions are a major price driver.

Which commodities are considered safe-haven assets?

+

Gold is the most widely recognized safe-haven commodity, as investors tend to buy it during periods of economic uncertainty, inflation, or geopolitical instability. Silver also has some safe-haven appeal but is more sensitive to industrial demand. Energy commodities like oil and agricultural commodities tend to be more cyclical and are not typically considered safe havens.

How do energy commodities compare in size to precious metals?

+

The oil market is one of the largest commodity markets in the world by annual trade value, with the global crude oil market worth trillions of dollars. Gold, however, has a larger estimated total above-ground stock value than most other commodities when measured as a store of wealth. On this page, commodities are ranked by total market value to give a comparative view across energy, metals, and agricultural markets.