The metals sector encompasses all companies involved in the extraction, processing, and marketing of precious metals (gold, silver, platinum) and industrial metals (copper, aluminum, nickel). These metals serve as stores of value, financial instruments, and raw materials for industry and infrastructure. Major players include global mining companies, refineries, and specialized distributors.
🌐 Current Economic Context
The metals market is experiencing an exceptional year in 2025, with contrasting trends between precious and industrial metals:
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Gold: Prices have surpassed USD 4,000 per ounce for the first time, supported by massive central bank purchases, aggressive U.S. trade policies, and investor interest in gold-related ETFs.
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Silver: Reached USD 50 per ounce (+76% since January 1), driven by its role as a safe-haven asset and supply constraints.
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Copper: Three-month delivery prices have reached USD 11,000 per ton (+20% in 2025), as a direct result of disruptions at strategic mines, notably in Chile and Indonesia.
This combination of strong demand, supply disruptions, and investor appetite for safe-haven assets creates a favorable environment for producers and metal-related companies.
📈 Investment Recommendation
Why invest in the metals sector?
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Exceptional performance: Gold and silver show historic gains, while copper benefits from supply tensions and growing industrial demand.
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Diversification and inflation hedge: Precious metals act as a hedge against inflation and market volatility.
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Exposure to industrial fundamentals: Industrial metals, such as copper, are essential for energy, electronics, and infrastructure, offering solid growth potential.
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Long-term potential: Supply constraints and continuously increasing global demand may support high prices in the coming years.
Risks to consider:
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Price volatility in financial markets.
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Dependence on geopolitical conditions and monetary policies.
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Unpredictable disruptions in extraction and logistics.