⛏ Compute as a Commodity

Compute as a Commodity
At the Milken Institute this month, BlackRock CEO Larry Fink said that compute futures could become a new asset class. Because the U.S. is short on compute, chips, memory, and power. When a compute carries a public forward curve, governments stop treating AI as software. Instead, it is seen as strategic infrastructure, the same way they treat pipelines, ports, and power grids. Read on »

Deep Sea Minerals to list on Nasdaq
Deep Sea Minerals (SEAS) said it intends to list on Nasdaq exchange as part of its long-term growth strategy through having a more diversified investor base. The Canadian company filed on Friday its application with the Nasdaq for the planned uplisting. If approved, it would join The Metals Company (TMC) and Odyssey Marine Exploration (OMEX) as the third seabed exploration company publicly traded on the exchange. Read on »

Higher in Steps: UBS Sees Copper Marching Toward $15,500
The copper market continues to trade as a supply-constrained industrial system rather than a cyclical commodity market. In a May 22 report titled Higher in Steps, analysts at UBS argue that structural shortages across concentrates, scrap, sulfur, and refined output are forcing prices steadily higher despite mixed global growth signals. Read on »