From copper’s new “critical mineral” designation to major investment in Australian iron ore, markets were driven by shifting supply dynamics this week. Precious metals surged as the gold-silver ratio tightened, hinting at improving industrial sentiment, while oil prices weakened after OPEC projected a more balanced market ahead. Together, these moves underline how future supply and the global energy transition are shaping commodity pricing.

In this week’s wrap, Sophia covers:

• (0:26): copper’s new designation in the US and what it means
• (2:00): gold and silver back in the spotlight
• (3:08): why oil prices have slumped on supply reports
• (3:43): how the local market performed this week
• (4:36): the most traded stocks and ETFs this week
• (5:03): economic news items to look out for next week.