Expert Exchange: Luke Laretive on copper shortages, the gold outlook and commodities to watch

Copper has become one of the market’s biggest talking points, with years of underinvestment in new mine supply colliding with growing demand from electrification, AI infrastructure and the global energy transition.

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But while copper has captured investors’ attention, it’s far from the only commodity shaping market sentiment in 2026.

In this edition of Expert Exchange, Seneca Financial Solutions Managing Director Luke Laretive joins HotCopper to discuss whether the copper supply deficit is as significant as many believe, what’s really driving demand, and where investors should be looking across the broader resources sector.

The discussion also explores the outlook for gold, uranium, lithium and rare earths, with Luke sharing his views on which commodity themes offer the greatest long-term opportunity and where he believes the market may be getting ahead of itself.

Luke also outlines the ASX resources stocks he has the highest conviction in today, before explaining how he would position a commodities portfolio in the current market and which areas he would avoid.

Watch the full interview to hear Luke’s outlook on the commodity cycle and the key opportunities shaping the resources sector.

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