BMO Equity Research Metal Matters

Wrapping Up 2025; What’s Next For The Supercycle?


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Helen Amos is joined by George Heppel to wrap up on the big developments and surprises over 2025. They discuss the recent surge in silver and platinum, what has kept metals prices high in the face of global tariffs, China’s reach on global metals supply chains, critical minerals investments, and the COMEX-LME copper arbitrage. They mull over some of the key themes and uncertainties into 2026.  

BMO clients can view our reports,

2026 Metals & Bulk Commodity Price Update: Material World

BMO Precious Metals Monitor: Silver Bells Are Ringing


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To access our full disclosures, please visit: https://research.bmo.com/public/disclosures

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BMO Equity Research Metal MattersBy BMO Capital Markets Equity Research

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