2025 Sector Series

This fourth year-ender instalment examines how slowing supply growth is reshaping the lithium market just as demand builds and capital stays selective heading into 2026.

Energy security has moved to the top of government agendas globally, and in this third installment of our seven-part year-ender series, the IB Newsletter focuses on uranium and the nuclear fuel cycle.

In the second instalment of our seven-part year-ender series, we turn to copper and the broader critical-minerals space, highlighting three companies. Copper remains the anchor, but lithium, nickel, cobalt, graphite, rare earths, and silver are shaping the strategic outlook for 2026.

In the first of our seven-part year-end series, we start with gold and precious metals. The sector saw strong highs in 2025 and is now settling into a steadier range. The next move will depend on how companies position themselves for 2026.