Iron Ore, Copper, Equities, Mint Finance

Umang Agrawal

Iron Ore, Copper, Equities

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Thematic (Sector/Industry)

<ul>
<li>Japan’s AI rally has weathered geopolitical shocks and valuation concerns, with sustained AI spending still providing a powerful long-term tailwind.</li>
<li>Rising expectations of Bank of Japan rate hikes have boosted the financials sector, as wider lending margins are expected to support stronger bank earnings.</li>
<li>Foreign buying helped propel Japanese equities higher, but recent profit-taking suggests investors are reassessing risk-reward dynamics.</li>
</ul>


Japan’s AI rally has weathered geopolitical shocks and valuation concerns, with sustained AI spending still providing a powerful long-term tailwind.
Rising expectations of Bank of Japan rate hikes have boosted the financials sector, as wider lending margins are expected to support stronger bank earnings.
Foreign buying helped propel Japanese equities higher, but recent profit-taking suggests investors are reassessing risk-reward dynamics.


Japan’s AI Trade Holds Firm Amid Market Turbulence

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

<ul>
<li>We tracked AI models, infrastructure, and M&amp;A; this week: Anthropic filed for IPO while Alphabet and Meta moved AI capex toward equity markets.</li>
<li>MiniMax launched M3 at low-cost GPT-5.5 comps, while Tencent, Alibaba, and Moonshot pushed China agent and multimodal products.</li>
<li>Nvidia moved Vera Rubin into production, US export rules tightened chip access, and DeepSeek prepared its first external funding round.</li>
</ul>


We tracked AI models, infrastructure, and M&amp;A; this week: Anthropic filed for IPO while Alphabet and Meta moved AI capex toward equity markets.
MiniMax launched M3 at low-cost GPT-5.5 comps, while Tencent, Alibaba, and Moonshot pushed China agent and multimodal products.
Nvidia moved Vera Rubin into production, US export rules tightened chip access, and DeepSeek prepared its first external funding round.


This Week in AI (Jun 1-6): Anthropic IPO Filing; Alphabet and Meta Tap Equity; MiniMax Launches M3

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Commodities

<ul>
<li>A review of recent events/data impacting our investment themes and outlook</li>
<li>Comex Copper premium to LME widens again as tariff deadline looms</li>
<li>What the massive equity issuance tells us about the state of the markets</li>
</ul>


A review of recent events/data impacting our investment themes and outlook
Comex Copper premium to LME widens again as tariff deadline looms
What the massive equity issuance tells us about the state of the markets


Equity & Credit Research

Duncan Chan

Macroeconomics

<ul>
<li>Potential de-escalation may compress risk premiums, but Treasury yields around 4.5–5.0% still compete with equities, suggesting broader participation may remain selective near term.</li>
<li>Aluminium increasingly stands out as inventories declined approximately 7–8% and physical conditions tightened, while copper remains broadly consistent with surplus expectations.</li>
<li>Evidence remains more supportive for energy security and infrastructure themes, including uranium, AI infrastructure and offshore rigs, while coal and lithium still require clearer signs of tightening.</li>
</ul>


Potential de-escalation may compress risk premiums, but Treasury yields around 4.5–5.0% still compete with equities, suggesting broader participation may remain selective near term.
Aluminium increasingly stands out as inventories declined approximately 7–8% and physical conditions tightened, while copper remains broadly consistent with surplus expectations.
Evidence remains more supportive for energy security and infrastructure themes, including uranium, AI infrastructure and offshore rigs, while coal and lithium still require clearer signs of tightening.


US-Iran De-Escalation: Looking Beyond Risk Premiums

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

<ul>
<li>Co-Packaged optics delivers real power savings, but removing the DSP transfers signal integrity, thermal management, and yield risk from a correctable chip onto the physical assembly; a less forgiving environment.</li>
<li>CPO adds irreplacibility as another constraint, turning a $300 module swap into a potential scrap event on a high-value assembly. This makes yield (and testing) the defining economic constraint.</li>
<li>The $20 billion by 2036 CPO market is not in dispute. But the investment opportunities are not uniformly distributed, spread across packaging, thermal architecture, and test infrastructure.  </li>
</ul>


Co-Packaged optics delivers real power savings, but removing the DSP transfers signal integrity, thermal management, and yield risk from a correctable chip onto the physical assembly; a less forgiving environment.
CPO adds irreplacibility as another constraint, turning a $300 module swap into a potential scrap event on a high-value assembly. This makes yield (and testing) the defining economic constraint.
The $20 billion by 2036 CPO market is not in dispute. But the investment opportunities are not uniformly distributed, spread across packaging, thermal architecture, and test infrastructure.  


[Part 1] Co-Packaged Optics: The Case For, and the Fine Print

United States

Broadcom Inc. designs, develops, and supplies semiconductor and infrastructure software solutions. The Company offers storage adapters, controllers, networking processors, motion control encoders, and optical sensors, as well as infrastructure and security software to modernize, optimize, and secure the most complex hybrid environments. Broadcom serves customers worldwide.

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Broadcom (AVGO US)

Japan’s AI Trade Holds Firm Amid Market Turbulence

Foreign buyers are stepping back, but Japan’s place in the AI boom leaves the long-term investment narrative intact and compelling.

Mint Finance

This Week in AI (Jun 1-6): Anthropic IPO Filing; Alphabet and Meta Tap Equity; MiniMax Launches M3

This Week in AI (Jun 1-6): Anthropic files for IPO; Alphabet and Meta tap equities; MiniMax launches M3 at GTP-5.5 comps.

Ke Yan, CFA, FRM

Overview #63 – Feeding the Ducks

A review of recent events/data impacting our investment themes and outlook. We look at the rise in Comex copper premiums, a closer look at the...

Rikki Malik

US-Iran De-Escalation: Looking Beyond Risk Premiums

Re-sharing as recent market developments continue to raise the question of whether fading geopolitical risk premiums alone are enough to support...

Duncan Chan

[Part 1] Co-Packaged Optics: The Case For, and the Fine Print

Co-Packaged optics offers power savings, but risks signal integrity and yield issues, making yield and testing the key economic constraints in the...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan’s AI Trade Holds Firm Amid Market Turbulence

Foreign buyers are stepping back, but Japan’s place in the AI boom leaves the long-term investment narrative intact and compelling.

Mint Finance

This Week in AI (Jun 1-6): Anthropic IPO Filing; Alphabet and Meta Tap Equity; MiniMax Launches M3

This Week in AI (Jun 1-6): Anthropic files for IPO; Alphabet and Meta tap equities; MiniMax launches M3 at GTP-5.5 comps.

Ke Yan, CFA, FRM

Overview #63 – Feeding the Ducks

A review of recent events/data impacting our investment themes and outlook. We look at the rise in Comex copper premiums, a closer look at the...

Rikki Malik

US-Iran De-Escalation: Looking Beyond Risk Premiums

Re-sharing as recent market developments continue to raise the question of whether fading geopolitical risk premiums alone are enough to support...

Duncan Chan

[Part 1] Co-Packaged Optics: The Case For, and the Fine Print

​Co-Packaged optics offers power savings, but risks signal integrity and yield issues, making yield and testing the key economic constraints in the...

Mint Finance

Co-Packaged optics offers power savings, but risks signal integrity and yield issues, making yield and testing the key economic constraints in the...