It’s been so quick jumping from early 20s to mid-20s. From the narrative about the commodities super cycle to “transitory inflation” and back. At the same time, it was hard to believe that precious metals will become the crucial top-performing asset while industrial metals transform into the serious trade negotiations asset on the global level. After the dust settled a bit, we are going to briefly review what’s going on with base metals from the macro perspective, and whether it’s attractive to consider some strategic investments from current levels.