Insights on resource & mining stocks.
One of the strangest commodity pairings may also be one of the most useful. There is something a little odd about putting orange juice and silver on the same chart. One is a breakfast staple. The other has been used as money for thousands of years. Yet when you look at their long-term price histories alongside inflation, an interesting pattern emerges: when a commodity becomes constrained at the same time that demand remains strong, prices can move far beyond what conventional inflation measures
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Lithium producers are increasingly prioritizing cost discipline over expansion as prices stay well off their 2022 highs, creating a wider performance gap between low-cost and high-cost operators.
Unplanned smelter maintenance in South America has tightened refined copper supply, pushing spreads wider and lifting shares of producers with unhedged exposure.
A pickup in gold-mining equities outpaced the broader resource sector this week, with several mid-cap producers posting double-digit gains on stronger-than-expected margin guidance.