Elaia Weekly View
🌿 Elaia Weekly View – Week 3 / 2026
From Precious to Industrial Metals: The Next Phase of the Commodity Cycle
After an exceptional run in precious metals, the commodity bull market is entering a new phase. Structural forces—electrification, energy transition and AI infrastructure—are driving exponential demand for industrial metals, while supply remains constrained. At the same time, oil prices appear to be bottoming, setting the stage for a potential recovery and renewed strength in Energy equities.
In this article, we explain why the current environment marks a strategic inflection point for commodities, how dollar weakness and Fed policy could reinforce the trend, and why industrial metals and energy producers are increasingly attractive as long-term investment themes.