Every report the desk has filed, searchable by full text, topic, format, symbol and date range.
Traders warn the rally has outrun the easy gains, even as physical demand from US buyers keeps pushing London prices toward all-time highs.
Copper futures in London are again nearing record levels, driven by sustained US buying, but analysts caution the cheapest profits in the trade have already been captured.
Poland's KGHM posts higher second-quarter earnings on firm copper pricing while structural silver supply shortfalls point to operating leverage for miners; Cerrado Gold lifts output 35% but concedes cost inflation
KGHM reported stronger Q2 profit driven by robust copper prices, validating the industrial-metals thesis. Analysts point to a persistent silver supply-demand deficit as the next leg for precious metals producers, while Cerrado Gold's 35% production increase alongside rising costs illustrates the sector's central tension between volume growth and unit-cost discipline.
Memory pricing power lifts Micron into four-digit territory even as Nvidia's reduced guarantee on the OpenAI Ohio data center campus signals a more disciplined phase of AI infrastructure financing.
Micron's move above $1,000 per share underscores how the AI buildout has migrated from GPUs into the memory and interconnect layers of the stack. Simultaneously, Nvidia's decision to cut its guarantee tied to OpenAI's Ohio data center to $120 billion points to tighter vendor-financing discipline, a swing factor for the credit assumptions underpinning hyperscale capex. Blackstone's positioning as an AI infrastructure landlord and copper's squeeze-level pricing reinforce that the trade is now as much about physical inputs and financing structures as it is about silicon.