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In 2025, geopolitics drove events and investment in the mining & metals sector. The unprecedented degree of uncertainty, led by rapidly changing policies in the US and China, shifted markets into a deal cycle driven by politics instead of prices and supply/demand expectations. Trade flows and prices were similarly affected by pressure to stockpile as much supply as possible in the United States through the summer.
Published: January 12, 2026 12:00 pm
Source: White & Case LLP — Read original