Base metals are ripping higher, with copper up +38% YoY as AI infrastructure collides with tightening supply.
The trade is shifting from software narratives into real-world scarcity—metals, power, and hardware are the new choke points.
Stay to the end for our mock portfolio update: +44% since inception, with our top position up nearly 3x in six months.
Key Report Insights:
AI Scarcity Trade: Metals + power replace software as the bottleneck
Copper Breakout: +38% YoY as grids + data centers drive a new supercycle
2026 Supply Shock: Nickel cuts + aluminum shortages tighten fast
AMD’s Nvidia Moment: Helios + MI500 ramp set up the next rerate
Privacy Token Surge: +430% leaders as regulation ignites Cypherpunk 2.0
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