Mining Stocks Are Oversold. Commodities ...

Darko Kuzmanovic, Portfolio Manager of the Janus Henderson Global Natural Resources Fund, is back on the show.

A metallurgist by training, Darko’s fund was up 20% by February. Then came Iran, rising rates and a full risk-off reversal.

We get his read on where we sit in the cycle, and why he’s finding better value in Canadian gold miners than in WA.

Darko covers:

• The uranium disconnect, and why AI demand for copper has been overdone

• Turnaround stories at IAMGOLD, Equinox Gold and Ero Copper

• Northern Star, Gold Fields and whether Hemi was a good buy

• Minerals 260, EQ Resources and Develop

• Lithium volatility, and why Glencore listing in Sydney is good for the ASX

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TIMESTAMPS  

(00:00) The Risk-Off Year in Resources

(06:00) The Uranium and Copper Disconnect

(12:10) Capex Inflation and Energy

(16:10) Canadian Gold Miners and IAMGOLD

(22:10) Equinox Gold and Ero Copper

(27:50) Northern Star, Gold Fields and Hemi

(33:10) Minerals 260

(37:10) EQ Resources and Tungsten

(43:10) Develop Global

(46:50) Lithium and Glencore

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DISCLAIMER 

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