The price of copper is likely to set new records this year at $12,000 or more a tonne
according to several of the world’s largest trading houses, lifted by growing global demand and the threat of US President Donald Trump’s trade tariffs. Source: FT
Uranium reserves by country.
Source: Rick Rule Rhetoric
Commodities are enjoying a strong start to 2025
source : markets&mayhem
Canada just can't quite make it out of the crosshairs of the new US administration.
Canada is biggest foreign supplier of steel (lhs, blue) - just edging out the EU (lhs, orange) - and by far the biggest foreign supplier of aluminum (rhs, blue). China is NOT a big supplier... Source: Robin Brooks
Fascinating
Source: @Callum_Thomas via Jan Nieuwenhuijs
60 years of Gold and Silver price spikes.
Source: Rick Rule Rhetoric @RickRuleRulz
Diamonds vs. Gold
Source: Bloomberg
An unexpected behavior by oil...
As the red line shows, WTI is at its highest price since October. The green annotation shows that it has increased by 8% in the last few weeks. The rise of oil prices took place despite Trump win (and the subsequent "Drill, baby drill") and Scott Bessent being nominated Treasury Secretary nominee (and says the US should add 3 million barrels/day of production). So why isn't crude oil slumping and now on the verge of breaking out? Source: James Bianco, Bloomberg
