Three developments in this Physical Economy Brief are particularly relevant to ARU:
Copper supply is getting more strategic, rare earth bottlenecks remain tight, and some of the smaller metals can move a lot just based on access.
For ARU, that mostly comes down to weighting - enough exposure to industrial and strategic scarcity, while precious metals remain the deeper monetary and liquidity anchor.
Our take in the ARU Weekly Brief ↓
Introducing The Physical Economy Brief.
A weekly look at the developments shaping metals, strategic materials and the physical economy.
In our first edition:
• Copper supply security
• Rare-earth bottlenecks
• Strategic stockpiling
A few developments worth watching ↓