This insightful Chatham House report looks at the global resource situation from a political economy perspective. It highlights the important trends and potential instabilities in this area. The report sheds light on production, consumption and trade patterns of key commodities, and scrutinizes the impact of measures enacted by political actors. Negative environmental dynamics also play a pivotal role. One of the key conclusions of the report is the need for collaborative governance in order to mitigate the volatility of resource markets around the world. The publication is supported by an interactive web tool that visualises the main messages of the study.