Core Insights - Copper is emerging as a key metal to watch, following a significant price surge of 35% in 2025, reaching $11,771 per metric tonne, driven by supply and demand dynamics [1] - A predicted shortfall of 150,000 tons in global copper supply in 2025 highlights the increasing demand for copper, which is essential for various applications including power grids and electronics [1] Group 1: Demand and Supply Dynamics - BHP forecasts that global demand for copper will increase sixfold by 2050, largely due to the growth of data centers and improving living standards in developing economies [2] - The launch of the world's first physically backed ETF for copper by Sprott Asset Management in 2024 has seen a price increase of nearly 46% in 2025, reflecting strong market interest [2][3] Group 2: Market Trends and Investor Sentiment - In the U.S., stockpiling of copper is occurring as investors anticipate potential tariffs by mid-2026, which is exacerbating supply challenges and driving prices higher [3] - Copper is increasingly viewed as an economic indicator, reflecting investor sentiment regarding the performance of the U.S. market [3] Group 3: Safe-Haven Asset Perspective - Similar to gold and silver, copper is gaining recognition as a safe-haven asset amid concerns over tariffs and geopolitical tensions affecting the stock market [5] - Analysts suggest that investors interested in AI should consider investing in copper-related ETFs, indicating a strategic shift towards this metal [6]

Core Insights - The selloff in silver and gold prices on January 30 was anticipated due to technical indicators signaling overbought conditions, leading to significant declines in both metals [1][5][6] - The decline in precious metals prices was linked to President Trump's nomination of Kevin Warsh as the next chairman of the Federal Reserve, which raised concerns about potential interest rate increases [2][3] Price Movements - Silver prices dropped 31% to $78.531 per troy ounce, marking the largest decline since the 1980 bubble burst [1] - Gold prices fell 11.4% to $4,745 after reaching a peak of nearly $5,267 on January 29 [1] Market Reactions - Stocks related to precious metals, such as Hecla Mining (HL) and Newmont Corp (NEM), also experienced declines, contributing to a broader market downturn with the S&P 500, Dow Jones, and Nasdaq all falling for three consecutive weeks [2] - ETFs linked to these commodities, including the iShares Silver Trust (SLV) and SPDR Gold Shares ETF (GLD), saw significant drops of 28.6% and 10.3% respectively [6] Technical Analysis - Analysts noted that silver was trading over 100% above its 200-day moving average, indicating unsustainable price levels [5] - Gold's relative strength index (RSI) reached 84.50, while silver's RSI hit 91.13, both suggesting extreme overbought conditions that led to the selloff [5][6]

Companies that mine critical minerals are looking more like defense contractors these days. One sign: Many are hiring retired generals. https://t.co/A2aY1sXv9v ...

Saudi Arabian equities dropped the most in almost eight months on Sunday as a global metals selloff hit local miners and speculation intensified over the possibility of military attacks involving the US, Iran and Israel https://t.co/LiHTlOn0Dv ...

2026 年 2 月 1 日 镍：宏观情绪主导边际，基本面与投机盘博弈 不锈钢：二月检修减产频出，镍铁预期托底下方 张再宇 投资咨询从业资格号：Z0021479 zhangzaiyu@gtht.com 本轮镍与不锈钢的核心博弈在于印尼镍政策方面，基于事件的角度： 1）配额事件：印尼能矿部表示配额将根据行业需求进行调整，目标或削减至 2.5-2.6 亿吨镍矿配额。 点评：2024-2025 年的配额量确实超过实际冶炼刚需量，2026 年对需求的重新梳理和配额的重新审视仍 在进行中，目前仍在等待具体政策落地前的真空期，预计一季度或将明确具体政策。如果放眼到长周期， 印尼防止过剩和挺价的心态是明确的，前期低价矿吸引冶炼的红利周期结束，在冶炼端产能过剩后，政策 面或出现周期性的转向。如果 1-12 月目标配额落地，那么矿端紧缺可能倒逼冶炼端减产，从而将过剩预 期扭转为紧缺，并对存量的高库存形成冲击，这也是二级市场对上方仍有想象的核心锚点。不过，从印尼 下游政策的角度来看，若矿端采取激进的"一刀切"方式，易于激化与下游外资冶炼企业的矛盾，产业普 遍认为印尼难有绝对的政策，更关注动态的利益。因此，二级市场和产业双方在印尼 ...

Core Viewpoint - The Avantis U.S. Equity ETF (AVUS) is recommended for investors prioritizing diversification, as it provides exposure to nearly 2,000 U.S. equities [1] Group 1: Investment Strategy - The individual investor and writer Vasily Zyryanov employs various techniques to identify underpriced equities with strong upside potential and overappreciated companies with inflated valuations [1] - Zyryanov emphasizes the importance of analyzing Free Cash Flow and Return on Capital in addition to profit and sales analysis to gain deeper insights into investments [1] - While favoring underappreciated equities, Zyryanov acknowledges that some growth stocks may warrant their premium valuations, highlighting the need for thorough analysis to determine market correctness [1] Group 2: Sector Focus - Zyryanov pays particular attention to the energy sector, including oil & gas supermajors, mid-cap, and small-cap exploration & production companies, as well as oilfield services firms [1] - His research also encompasses a variety of other industries, such as mining, chemicals, and luxury goods [1]

Brazil holds nearly a quarter of the world’s known deposits of rare earths, second only to China. It could help the world out of a tight geopolitical bind https://t.co/R7chZ7XIN7 ...

Core Viewpoint - Halper Sadeh LLC is investigating several companies for potential violations of federal securities laws and breaches of fiduciary duties to shareholders related to their sales transactions [1][2]. Group 1: Company Investigations - Stellar Bancorp, Inc. is being investigated regarding its sale to Prosperity Bancshares, Inc. for 0.3803 shares of Prosperity common stock and $11.36 in cash for each share of Stellar common stock [1]. - Gold Resource Corporation's sale to Goldgroup Mining Inc. involves an exchange of 1.4476 common shares of Goldgroup for each share of Gold Resource common stock [2]. - SkyWater Technology, Inc. is under scrutiny for its sale to IonQ, which includes $15.00 in cash and $20.00 in shares of IonQ common stock for each share of SkyWater [2]. Group 2: Legal Rights and Options - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief on behalf of shareholders [3]. - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options at no charge [4].

Core Insights - USA Rare Earth is establishing a mine-to-magnet rare-earth supply chain in the U.S., a significant move given the country's limited control over global rare-earth reserves [1][2] - The U.S. government has issued a letter of intent to provide USA Rare Earth with approximately $1.6 billion, which includes a $1.3 billion loan and $277 million in federal funding [3] - The company has seen its stock price increase over 80% this year, but future success will depend on effective execution of its plans [3] Company Overview - USA Rare Earth controls mining rights to the Round Top deposit in West Texas, recognized as one of the most significant rare-earth deposits in the U.S., which also contains lithium and gallium [4] - The company is constructing a manufacturing facility in Stillwater, Oklahoma, aimed at producing sintered neodymium magnets at scale, expected to be operational by the first half of 2026 [5] Market Position - With its mining site in Texas and manufacturing facility in Oklahoma, USA Rare Earth is positioned to be one of the few fully integrated rare-earth companies outside of China, optimizing the entire process from extraction to production [7] - The company has developed extraction and separation practices at its Colorado lab that could save tens of millions in costs, crucial for a capital-intensive industry [8] Financial Outlook - USA Rare Earth is currently pre-revenue, and its timeline for generating meaningful revenue remains uncertain, with inherent execution risks in both mining and manufacturing [10] - If market dynamics for rare-earth materials remain stable over the next decade, investing in USA Rare Earth while it is priced as an early-stage start-up could yield long-term benefits [11]

Core Insights - Silver has experienced its worst price collapse in history, indicating a significant downturn in the market for this precious metal [1] - The decline marks the largest percentage drop since the 1980s, highlighting a critical moment for investors and stakeholders in the silver industry [1] Industry Summary - The current market conditions for silver are unprecedented, with historical comparisons showing a drastic shift in pricing dynamics [1] - Investors may need to reassess their strategies in light of this significant price decline, as it could impact future demand and supply scenarios in the silver market [1]