Commodity markets are back in focus.

Gold has more than doubled in recent years. Lithium has flipped from surplus to deficit and iron ore continues to quietly underpin the Australian economy.

So, is this the start of something bigger, like a commodity super-cycle?

In this episode, we’re joined by Greg Cassidy, Senior Analyst at Milford, to unpack the forces driving the global resource rally and what it means for adviser portfolios.

We cover:

• The three macro forces behind the surge: deglobalisation, decarbonisation and AI.
• The outlook for LNG.
• Why iron ore still matters most for Australia’s budget and equity index.
• Greg’s key takeaway for advisers: why “you should own resources” and how to think about active vs passive exposure in a volatile sector.

Chapters:

00:00:00 Introduction

00:04:10 Three Drivers Of The Rally

00:09:05 Supply Constraints And M&A Activity

00:11:04 Australia In The US China Split

00:14:13 Gold And Real Assets

00:16:18 Commodities To Watch Now

00:18:23 Copper’s Structural Deficit

00:20:10 Lithium Volatility Explained

00:22:32 LNG Supply And Demand

00:25:34 Australia’s Key Export Exposures

00:29:56 Portfolio Positioning For Advisers

00:33:43 Avoiding Resource Investing Mistakes

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CPD Points: This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). Complete the quiz here to claim your points.

0.05 Total Hours

Knowledge Requirements: Managed Investments (0.50 hour) Legislated CPD Area: Technical Competence (0.50 hour)

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You can read the full disclaimer at https:/milfordasset.com.au

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