Global Materials | Industrials | Commodities

Rahul Jain

Over 20 years of sell-side research experience across Global Metals & Mining, Cement, Industrials, and Commodities. Extensive first-hand mine and plant visits spanning India, Australia, China, the US, and the UK.
Hundreds of buy-side engagements across major global financial hubs in Asia, North America, and Europe. Also led a comprehensive client tour of China to deepen industry understanding.

Focused on fundamentals-driven analysis including earnings modeling, cost structures, and valuations using DCF and relative multiples. Global commodity cycles, supply-demand trends, and macro factors are integrated into sector calls. Research prioritizes inflection points from price, cost, and policy shifts, using a disciplined bottom-up approach supported by top-down macro screening.

A Basket of High-Risk, High-Reward, Critical Metal Miners with Strategic Value - Pt 2

Overview #36 - AI Hype, Mineral Might, and the Nuclear Revival

CGN Mining (1164 HK) - THE NUCLEAR OPTION!

Overview# 29- The Hard-Asset Reset: Buying the Pullback in Commodities

Global Metals & Mining Playbook – July 2025

Tianqi Lithium (002466.SZ / 9696.HK): Rebuilding Via Expansion, Valuations Appear Reasonable

Zijin Mining (2899 HK): Fair Value Still 25% Higher Despite IPO Discount Risks

Commodities

<ul>
<li>Key Trends: Precious metals, cobalt, and rare earths sustain leadership, while uranium equities face a short-term correction despite strong structural drivers.</li>
<li>Key Idea: Markets reward miners with policy support, scale, and cost efficiency, while penalizing those exposed to cyclical weakness or geopolitical uncertainty.</li>
<li>Key News: China tightened rare earth quotas, India moved forward on steel safeguard duties, and uranium equities corrected even as nuclear fundamentals remain robust</li>
</ul>


Key Trends: Precious metals, cobalt, and rare earths sustain leadership, while uranium equities face a short-term correction despite strong structural drivers.
Key Idea: Markets reward miners with policy support, scale, and cost efficiency, while penalizing those exposed to cyclical weakness or geopolitical uncertainty.
Key News: China tightened rare earth quotas, India moved forward on steel safeguard duties, and uranium equities corrected even as nuclear fundamentals remain robust


CRB Commodity Index

Commodities & Metals – August 2025