Insight

We closely monitor the cost evolution of the largest global gold producers since the year 2000 on a quarterly basis. These companies represent around 40% of overall global gold production.

While gold is considered a crisis metal, the price of the precious metal still declined recently. And according to Georges Lequime, gold expert at Earth Resource Investments AG, the outlook remains uncertain. Nevertheless, he sees potential in gold mining stocks

First published at CAPinside 19.7.2022

The environment for silver could hardly be worse. The turnaround in interest rates and concerns about a recession are weighing heavily on the price of the precious metal and the prices of silver shares. At the same time, the long-term structural prospects are very good

First published at CAPinside 22.8.2022

Georges Lequime, senior investment advisor for the Earth Gold Fund, expects gold mining to grow over the next ten to 15 years and gold production to peak soon. In an interview with CAPinside, he explains the role of gold in portfolio risk management and why he considers the sector’s opportunities to be particularly high at present.

The similarities of copper and oil on the supply side are astonishing. Looking at the historical price development of these metals shows that not only the growth rate of copper demand has decoupled from that of oil but also the price increases for the two commodities.

China’s State Reserve Bureau (SRB) stockpiles copper, nickel, and cobalt stocks.

The largest copper mine on the planet is battling with decreasing ore quality. This is a case study of how the largest mines on the globe need massive capital investments to keep copper production at a meaningful level.

In view of increasing fears of recession, shares of mining and mining companies have recently come under pressure. Although they have since recovered somewhat, the current level still offers an attractive opportunity for entry.

First published at CAPinside 15.6.2022

We believe the IEA report is a long-term idealistic roadmap which will put more pressure on the oil sector, but has no real implications for the near term. If the IEA’s net-zero scenario gets adopted by policy makers, it could actually curb investments in the oil sector even further and create more oil price volatility.

We believe it will become increasingly difficult to source enough copper in the current price environment and see significant risk associated with future global supply of copper.