Mining Stock Education · Tuesday, July 28, 2026
While acknowledging the risk of a global recession, Samuel Pelaez believes the demand for commodities is structural, preventing a major price collapse. He expects that any impact from a recession would lead to a 're-rating' of commodity prices rather than a significant downturn.
“As for headwinds, I mean, obviously, you know, there's always the risk of, uh, a global recession.”
“But, you know, I think the demand for commodities is so structural that, uh, even in a recession, I don't think we're going to see a major collapse in commodity prices.”
“I think we're going to see a re-rating of those commodities.”