<p>Commodity markets are back in focus.</p><br><p>Gold has more than doubled in recent years. Lithium has flipped from surplus to deficit and iron ore continues to quietly underpin the Australian economy.</p><br><p>So, is this the start of something bigger, like a commodity super-cycle?</p><br><p>In this episode, we’re joined by Greg Cassidy, Senior Analyst at Milford, to unpack the forces driving the global resource rally and what it means for adviser portfolios.</p><br><p><strong>We cover:</strong></p><ul><li>The three macro forces behind the surge: deglobalisation, decarbonisation and AI.</li><li>The outlook for LNG.</li><li>Why iron ore still matters most for Australia’s budget and equity index.</li><li>Greg’s key takeaway for advisers: why “you should own resources” and how to think about active vs passive exposure in a volatile sector.</li></ul><p><br></p><p><strong>Chapters</strong>:</p><p>00:00:00 Introduction</p><p>00:04:10 Three Drivers Of The Rally</p><p>00:09:05 Supply Constraints And M&amp;A Activity</p><p>00:11:04 Australia In The US China Split</p><p>00:14:13 Gold And Real Assets</p><p>00:16:18 Commodities To Watch Now</p><p>00:18:23 Copper’s Structural Deficit</p><p>00:20:10 Lithium Volatility Explained</p><p>00:22:32 LNG Supply And Demand</p><p>00:25:34 Australia’s Key Export Exposures</p><p>00:29:56 Portfolio Positioning For Advisers</p><p>00:33:43 Avoiding Resource Investing Mistakes</p><br><p>———</p><br><p><strong>CPD Points:</strong> This episode is accredited for the following CPD points by the Financial Advice Association of Australia (FAAA). <a href="https://equitymates.com/episode/what-a-commodity-supercycle-would-mean-for-australia-greg-cassidy-milford/" rel="noopener noreferrer" target="_blank">Complete the quiz here</a> to claim your points.</p><p><strong>0.05 Total Hours</strong></p><p><strong>Knowledge Requirements:</strong> Managed Investments (0.50 hour) <strong>Legislated CPD Area:</strong> Technical Competence (0.50 hour)</p><br><p>———</p><br><p>Before you invest, be sure to read the Milford Funds Product Disclosure Statements and Target Market Determinations at&nbsp;<a href="https://url.avanan.click/v2/r01/___https://us-east-2.protection.sophos.com/?d=milfordasset.com.au&amp;u=aHR0cHM6Ly9taWxmb3JkYXNzZXQuY29tLmF1L2RvY3VtZW50cy1hbmQtZm9ybXMv&amp;i=NjU4MjRkNzg0MDliY2YzZDQ1ZGY2NzYw&amp;t=d0lKTzg1OEtsWDQ3NDJqcWRwamRXSmZnSk5xV096a0VhZW4wRXVEbFRPTT0=&amp;h=3c532bb607834ac483c06e4605fcdf2b&amp;s=AVNPUEhUT0NFTkNSWVBUSVaACb9zFdwu6_bN55pmlEghePGUwvSAHlht0z9SryMPxg___.YXAzOmJldGFzaGFyZXM6YTpvOmQ3Yzk2NzM1OTliNGMyNDQ5NjE0OTYwNWI2ODk0NjE1Ojc6OTU0MjpjNDJjY2QxNDI0ODVhMTgyOTU3ODc5MjlhZjcxNGVmMWExZTZiOGJmMzY5NDBiMjE2NThjZGNmMGI3YTk3NGQxOmg6VDpO" rel="noopener noreferrer" target="_blank">https://milfordasset.com.au/documents-and-forms/</a></p><p>&nbsp;</p><p>You can read the full disclaimer at&nbsp;<a href="https://url.avanan.click/v2/r01/___https://us-east-2.protection.sophos.com/?d=milfordasset.com.au&amp;u=aHR0cHM6Ly9taWxmb3JkYXNzZXQuY29tLmF1Lw==&amp;i=NjU4MjRkNzg0MDliY2YzZDQ1ZGY2NzYw&amp;t=cHcreW5MdCtEQS9ndUlmWUJyaTN3TnJaVW1LbVVKNUZDQVoxS2JjRm9OTT0=&amp;h=3c532bb607834ac483c06e4605fcdf2b&amp;s=AVNPUEhUT0NFTkNSWVBUSVaACb9zFdwu6_bN55pmlEghePGUwvSAHlht0z9SryMPxg___.YXAzOmJldGFzaGFyZXM6YTpvOmQ3Yzk2NzM1OTliNGMyNDQ5NjE0OTYwNWI2ODk0NjE1Ojc6NTY0MzplOGY3OWU0OWY5ZjE1ZmZhZGUyNzg2MDNlYWE0ZmZjYjVkZTlmMjhjMzJlMjFkNjAzNjI0Zjg3ZTI5NzIzMWE0Omg6VDpO" rel="noopener noreferrer" target="_blank">https:/milfordasset.com.au</a></p><br><p>———</p><p><strong>Want more Basis Points?</strong></p><br><p>Sign up to the Basis Points <a href="https://basispoints.beehiiv.com/subscribe" rel="noopener noreferrer" target="_blank">email</a></p><p>Join the conversation on <a href="https://www.linkedin.com/showcase/basis-points-by-equity-mates" rel="noopener noreferrer" target="_blank">LinkedIn</a></p><p>Watch all episodes in full and relive some of our favourite clips on <a href="https://www.youtube.com/@basis.points" rel="noopener noreferrer" target="_blank">YouTube</a></p><br><p>———</p><br><p>Basis Points is a product of Equity Mates Media.</p><br><p>This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.</p><p>Equity Mates Media operates under Australian Financial Services Licence 540697.</p><br><p>Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298), AFSL 240975, is the Responsible Entity for the Milford Australian Absolute Growth Fund, Milford Corporate Bond Plus Fund, Milford Australian Active 100 Fund, and Milford Dynamic Small Companies Fund. Before you invest, be sure to read the Milford Funds Product Disclosure Statements and Target Market Determinations at&nbsp;<a href="https://url.avanan.click/v2/r01/___https://us-east-2.protection.sophos.com/?d=milfordasset.com.au&amp;u=aHR0cHM6Ly9taWxmb3JkYXNzZXQuY29tLmF1L2RvY3VtZW50cy1hbmQtZm9ybXMv&amp;i=NjU4MjRkNzg0MDliY2YzZDQ1ZGY2NzYw&amp;t=d0lKTzg1OEtsWDQ3NDJqcWRwamRXSmZnSk5xV096a0VhZW4wRXVEbFRPTT0=&amp;h=3c532bb607834ac483c06e4605fcdf2b&amp;s=AVNPUEhUT0NFTkNSWVBUSVaACb9zFdwu6_bN55pmlEghePGUwvSAHlht0z9SryMPxg___.YXAzOmJldGFzaGFyZXM6YTpvOmQ3Yzk2NzM1OTliNGMyNDQ5NjE0OTYwNWI2ODk0NjE1Ojc6YTk1MDplYjYwZjM4ZTJhODRkMDIxNGZhM2Q1YTRiZDlmOWVkY2I5ZDUwNDFhYTM4NjZhNDFkN2QxN2ZlZWFkMjEwNjg1Omg6VDpO" rel="noopener noreferrer" target="_blank"><u>https://milfordasset.com.au/documents-and-forms/</u></a></p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. 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