A single AI data center consumes 27,000 tonnes of COPPER.
Everyone talks about AI chips. Almost nobody talks about the metals underneath them. A 1-gigawatt AI data center requires: • 179,940 tonnes of raw materials • 25 different minerals • 132,660 tonnes of steel (74% of the total) • 27,212 tonnes of copper (15% of the build) Copper isn't just another input. It's the circulatory system of AI. Every server. Every rack. Every transformer. Every kilometer of cable. Without copper, AI doesn't run. Then come the other critical materials: → Aluminium: 14,320 tonnes → Graphite → Nickel → Silicon → Cobalt → Lithium → Tin → Lead The top 10 materials account for 99.7% of the total mass. And that's before you add the strategic minerals: • Rare earth elements • Gallium • Germanium • Tantalum • Indium Now zoom out. Hundreds of AI data centers are being built around the world. Every new gigawatt of AI compute means tens of thousands of tonnes of copper have to be mined, refined, and delivered. The AI revolution isn't just a software story. It's a commodities story. And that makes copper miners some of the biggest hidden winners of the AI boom. Before AI can scale... it needs metal. Source: Jack Prandelli on X
Ranked: Countries with the Largest Currency Reserves
China holds over $3.4 trillion in foreign exchange reserves, nearly 3x more than Japan. Seven of the world’s 10 largest reserve holders are in Asia, reflecting decades of export-led growth. Despite being the world’s largest economy, the U.S. ranks only 13th because the dollar is the world’s primary reserve currency. Source: James Wong, Visual Capitalist
Tokens requested from Google, OpenAI and Anthropic relative to total fell to 33% in June 2026 from 72% a year earlier.
Tokenomics matters, or at least it will soon enough. Chinese AI’s gains in the market are remarkable. Source: Bloomberg, Negligible Capital
America's Biggest Companies in 2000 Vs 2026
Source: The Market Mind @Market_Mind_
President Trump says Iran has agreed to keep the Strait of Hormuz fully open with NO tolls, fees, or shipping charges.
Trump also says the US will release controlled Iranian funds exclusively to buy American food products. “If this is false information, negotiations would end immediately.” Source: Bull Theory
🚨Gold and silver are getting wrecked.
Last 30 hours: - Gold down -3.87%, wiping out $1.1 trillion. - Silver down -9.18%, wiping out ~$400 billion. Since the war started: - Gold down -25%, erasing $9.4 trillion. - Silver down -38%, erasing $2.7 trillion. From all time highs: - Gold down -28%, $11 trillion wiped. - Silver down -51%, $4.6 trillion wiped. Precious Metals were supposed to surge on war fear. Instead they crashed when the war started, and now they're crashing again as the war is ending. A buying opportunity ? Source: Bull Theory
Nancy Pelosi disclosed 2 new stock trades:
- Intel $INTC Calls: Bought 200 calls on May 29th at a $50 strike price expiring 3/19/27 spending between $1,000,001 - $5,000,000 on the calls - Uber $UBER Calls: Bought 200 calls on May 29th at a $50 strike price expiring 3/19/27 spending between $500,001 - $1,000,000 on the calls Source: Evan
Gold miners are trading at one of the deepest discounts to the S&P 500 on record.
Fundamentals remain strong. Prices keep falling. Source: Otavio (Tavi) Costa
