Buy NRED by Aug 23, 2026.

The more I look at AI infrastructure, grid upgrades, defense spending and electrification, the harder it is to ignore the metals side of the trade. Data centers need power cables, transformers, switchgear, busbars, substations, cooling systems and grid connections. Defense systems, robotics, EVs and renewables add more demand on top. Copper is the obvious volume metal in that stack, while silver, rare earths, gallium and germanium show up in more specialized parts of the supply chain. The part I am …