The Global X Research Team is pleased to announce the release of its Monthly Commodities Tracker. This commentary covers the latest developments across several commodities markets, from precious metals to uranium, copper, and the disruptive materials that are powering next-generation technologies. Click the banner below to view the report.
Key Takeaways
- Nuclear Energy & Uranium: Nvidia and the Idaho National Laboratory entered a partnership to accelerate nuclear R&D using AI while the State of California pivoted away from its moratorium on new nuclear expansions. Internationally, Kazatomprom signed a uranium supply deal with India that amounts to nearly half the company’s book value.
- Copper: Copper prices jumped following the U.S. Supreme Court decision invalidating select tariffs. Earnings season reflects margin improvements and strong revenue contributions from copper-related operations.
- Precious Metals: Early February saw precious metals experience their highest volatility in nearly a decade, before retracing much of their losses by the end of the month. Despite choppy waters in commodity prices, Q4 gold miner earnings reflected record profit hikes and positive outlooks.
- Critical Minerals, Battery Tech, & Lithium: Supply-side fundamentals tightened for both lithium and rare earths. Africa’s largest lithium producing nation suspended exports of lithium concentrates, while rare earth supply chain constraints led two U.S. aerospace suppliers to pause production.
Category:Commodities