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.

Commodities

<ul>
<li>The U.S. Dollar Index (DXY) has fallen sharply to 97.33, down over 10% year-to-date and hitting a fresh 1-year low.</li>
<li>This decline is being driven by rising expectations of Fed rate cuts, political uncertainty around central bank independence, and a broader shift in global risk appetite.</li>
<li>Over the past two years, gold miners, aluminum, copper, and diversified metal stocks have shown the strongest inverse correlation with DXY.</li>
</ul>


The U.S. Dollar Index (DXY) has fallen sharply to 97.33, down over 10% year-to-date and hitting a fresh 1-year low.
This decline is being driven by rising expectations of Fed rate cuts, political uncertainty around central bank independence, and a broader shift in global risk appetite.
Over the past two years, gold miners, aluminum, copper, and diversified metal stocks have shown the strongest inverse correlation with DXY.


DXY Cracks 97: Commodity Stocks in Focus as Dollar Slide Deepens

Copper

DXY Cracks 97: Commodity Stocks in Focus as Dollar Slide Deepens