Global X Funds-Global X Disruptive Materials ETF(DMAT.US)

Base metals rally on supply crunch, AI-infra demand; experts see selective upside ahead

Base metals, particularly copper, aluminum, and tin, have rallied sharply due to supply disruptions and increased demand from AI-driven infrastructure. Analysts caution that while the medium-term outlook remains positive, volatility may increase, leading to selective gains. Copper prices are supported by supply strains and speculative buying, with expectations of further price increases. However, risks from China's weak property sector could limit upside potential. Investors are advised to consider mining stocks and ETFs for exposure to this sector, as rising metal prices improve the outlook for producers.

LME copper futures rose by $162, closing at $12,966 per ton. LME aluminum futures increased by $24, closing at $3,158 per ton. LME zinc futures gained $12, closing at $3,222 per ton

Slim's Grupo Carso buys out Lukoil in Ichalkil, Pokoch fields

MEXICO CITY, Jan 19 (Reuters) - Mexican conglomerate Grupo Carso (GCARSOA1.MX) , controlled by magnate Carlos Slim, will buy out Lukoil to hold a full stake in the Ichalkil and Pokoch oil fields, the firm said in a filing on Monday.In the deal, Grupo Carso will buy Lukoil subsidiary Fieldwood Mexico for $270 million, along with paying off $330 million of Fieldwood’s debt to its parent firm, Carso said.

Sherritt International's Nickel, Cobalt Production Hit Lower End of Revised 2025 Guidance

Sherritt International reported that its nickel and cobalt production for 2025 reached the lower end of its revised guidance, producing 25,240 tons of nickel and 2,729 tons of cobalt. Factors affecting production included lower mined ore volumes and operational challenges at the Moa operation in Cuba. Interim CEO Peter Hancock is working on an operational turnaround to improve performance. Additionally, power generation was slightly below guidance at 799 GWh.

Trailbreaker Receives Drill Permit for Coho Property, Central BC

Trailbreaker Resources Ltd. has received a property-wide exploration permit for its 8,000-hectare Coho property in central British Columbia. The permit allows for diamond drilling and other exploration activities, with a provisional expiry date of December 18, 2030. The Coho property is a drill-ready copper-gold porphyry target located near the Mount Milligan mine. The company is committed to engaging with the Takla First Nation as it prepares for its inaugural drill program in 2026.