Big funds bet billions on mining supercycle
Market Trends · Reuters ·
Major fund managers are heralding a sustained rally in mining and metals as money floods into the sector at the fastest pace in years, driven by AI infrastructure demand, rising defense spending and a rotation out of tech stocks. Assets in mining ETFs more than doubled to $87.4 billion by March 31, and BlackRock's Evy Hambro called it 'the early stages of a commodity supercycle.'