This book explores the intricate relationship between energy and metal markets, analyzing the volatility spillover effects from 1980 to 2023. Using advanced econometric models, it examines the impact of oil and gas price fluctuations on both industrial and precious metals. The findings provide insights into how these markets respond to global shocks and propose strategies for stabilizing the global metal market. Governments and businesses alike are encouraged to invest in alternative energy sources and innovative technologies to reduce reliance on oil and mitigate risks in the metal market. This research offers valuable recommendations to foster sustainability and resilience in the face of global economic challenges.