Video: ‘Big bang’ in commodity demand set to lift miners, Prins says

Global miners are set to benefit from rising needs for “real assets,” Nomi Prins, a macroeconomist and author of the newsletter PrInsights Global, says in a new interview.

Global geopolitical and energy transformations are driving an increased demand for tangible holdings, notably commodities, which are critical for the energy transition, Prins said during the Rule Symposium in Boca Raton, Fla. this month. Cash and other financial assets are becoming less relevant, making real assets more crucial than ever, she said.

“We are in a period where everything that we know and every way that we’ve used real assets is going to have immense transformations, and therefore upside for prices and the miners that are involved in those areas over many years to come,” Prins said.

An explosion in real assets could signify an opportunity for mining companies, particularly those with strong projects, finances and operations in supportive jurisdictions, she said. The shift also means governments should provide subsidies, grants and favourable loans, and projects should be sustainable and environmentally friendly.

Watch the full video with The Northern Miner’s western editor, Henry Lazenby: