How a New Global Order Is Rewriting Commodity Investing

This podcast episode features an interview with Tomasz Nadrowski, who manages the Amvest Heritage Fund, focusing on critical minerals and geopolitical strategies. The discussion covers Nadrowski's investment framework, which avoids the Chinese value chain due to geopolitical risks highlighted by China's Export Control Law. Nadrowski emphasizes the importance of geology and geopolitics in mining, the shift from competition to conflict in the global landscape, and the necessity for Western governments to support the rebuilding of critical mineral value chains. He also touches on the Peak Rare Earths acquisition by a Chinese entity, the role of government policies, and the need for a new approach to capital investment in the mining sector to counter Chinese dominance. The conversation further explores specific commodities, potential consolidation in the mining space, and the challenges and opportunities for Western investors in a changing global environment.