Signals
Several rare earth processing facilities outside China are reportedly operating near capacity as Western supply chains attempt to diversify sourcing. New processing projects remain years away from full-scale output. Short-term supply constraints could persist for magnets used in energy, automotive, and defense systems.
Signals
Copper inventories across several major warehouse systems have begun trending lower following several months of accumulation. Traders are watching closely for signs of renewed industrial demand. If the drawdowns continue, it could signal tightening metals markets heading into the second half of the year.
ledger-analysis
A closer look at how the modern diamond market actually works — and why many common assumptions miss the bigger picture.