Acceleration Towards Deglobalisation Reshapes Metal Supply-Demand Security

Recording date: 26th May 2026Olive Resource Capital views the current phase in commodity markets as a healthy, seasonal consolidation following a strong start to the year. While metals and mining equities have largely moved sideways, this reduced volatility is seen as constructive rather than concerning. According to President and CEO Samuel Pelaez and Executive Chair Derek Macpherson, calmer market conditions often create a gradual upward bias, even as broader investor attention shifts toward high-performing sectors like technology.Olive Resource adjusted its portfolio to reflect rising geopolitical risks, particularly those linked to supply disruptions in the Strait of Hormuz. As a result, exposure to Australia and Asia-Pacific mining equities has been significantly reduced, with capital redirected toward cash or regions offering stronger supply-chain reliability. This shift reflects a broader conviction that deglobalisation is accelerating, increasing the strategic importance of mining assets located in politically aligned and stable jurisdictions.Deglobalisation trends driven by pandemic-era disruptions, geopolitical conflicts, and export restrictions on critical minerals are reshaping investment priorities. Assets in Western countries, even for commodities once considered uneconomic to produce domestically, are gaining value due to their security of supply.Within this context, Olive Resource Capital is emphasizing company-specific opportunities over macro-driven bets. Recent portfolio additions, including White Gold Corp, Prospector Metals, Goldsky Resources, Valhalla Metals, and ValOre Metals, were selected for strong management teams and near-term catalysts such as drill results, resource estimates, and project advancements.Macpherson and Pelaez also highlighted a consistent seasonal strategy in junior mining equities: accumulating positions in the spring as exploration begins, and trimming exposure in the fall when results are released and financing activity increases. Overall, the firm’s approach centers on jurisdictional reliability, operational catalysts, and disciplined timing in a market where broad momentum remains limited.Sign up for Crux Investor: https://cruxinvestor.com