Members can access our exclusive research. Focus is on topics of interest to investors across our main themes, with new items every month.

Are these Citadel’s highest conviction metals?

In this note, I analyse Citadel’s holdings as reported in their latest Q2 filing: more than 15K positions across sectors. This overview focuses on themes behind sentiment and potential signals implied.

Copper exploration budgets follow prices, but discoveries don’t

In this note, I investigated the relationship between copper prices, exploration budgets and discoveries over the last 36 years. This analysis provides insights into how miners will spend in 2026 and can help investors inform their strategies now and into 2027.


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