Application scenario analysis and development trend of pickup truck in Thailand logistics market
Mar 18, 2026
By Yang Shuichu
Reading time: 10 mins.
Pickups are widely used in Thailand's logistics sector,serving critical functions such as e-commerce last-mile delivery,fresh produce distribution,small business cargo transportation,and construction material supply. However, traditional Pickups are facing serious challenges in the Urban logistics industry: Policy constraints relative to environmental concerns; high operation cost; and digital technology development compliance. Three directions are being identified in the development trend of the Pickup for urban logistics in Thailand: 1)The application of intelligent technology continues to deepen;2)Pick-up truck electrification trend is obvious;3) Requirement of conversion of existing pickup trucks from fuel to electric is increasing.
The trend of electric vehicle and the strategic dilemma of Stellantis
Mar 11, 2026
By Yang Shuichu
Reading time: 17 mins.
The global automotive industry is undergoing an irreversible shift toward electrification, propelled by stringent carbon emission regulations, battery technology advancements, and evolving consumer demand. While the global market is projected to reach a penetration rate of 40%–50% by 2030, Stellantis Group has encountered a profound strategic dilemma, resulting in a €22.3 billion net loss for 2025.
PDF version available in English and Chinese
The Double Pareto Dilemma
Oct 8, 2025
By Bedis Mzali
Reading time: 9 mins.
Recent developments confirm that capital continues to flow into critical minerals despite a subdued price environment. The Trump Administration’s decision to acquire a 10% stake in Lithium Americas underscores the growing focus on national security and resource sovereignty. For long-term investors, this reinforces the strategic case for holding exposure to critical minerals, as geopolitical and nationalist drivers are set to outweigh short-term market weakness.
Mineros Pt.2: When Gold Shapes More Than a Mine — A Community
Oct 1, 2025
By Juliette Maurel
Reading time: 11 mins.
Mineros: When Gold Shapes More Than a Mine — A CommunityI don’t claim to be an expert in the mining industry — in fact, I have no technical background in the field. Before visiting a gold mine like Mineros for the first time, I held several preconceptions: gold mining is often illegal and dangerous, it damages the environment, fuels conflict, and imposes harsh working conditions...And yet,…
Mineros: When Gold Shapes More Than a Mine — A Community
Sep 24, 2025
By Laurent MAUREL
Reading time: 14 mins.
I have just returned from Colombia, where I visited several mining sites, including the alluvial operation run by Mineros S.A.In this pro subscriber bulletin, I share my field report along with a detailed analysis of the company’s latest financial results and outlook.Mineros S.A. released its Q4 2024 earnings, and its stock has taken a sharp hit at the start of the week. In this bulletin,…
Analysis of Serabi Gold
Sep 17, 2025
By Laurent MAUREL
Reading time: 6 mins.
Serabi Gold is a junior gold mining company focused on production in Brazil. It operates two high-grade underground mines, Palito and Coringa, located in Pará State.
Serabi Gold recently published its latest results and production forecasts for the coming years.
In the first quarter of 2025, Serabi produced 10,013 ounces of gold, maintaining the pace established at the end of 2024. This figure exceeds the internal quarterly target by approximately 800 ounces. The expected annual production for 2025 is between 44,000 and 47,000 ounces, with a progressive increase anticipated in subsequent quarters.
Strategic Analysis: Agnico Eagle Mines
Sep 10, 2025
By Laurent MAUREL
Reading time: 4 mins.
As of spring 2025, Agnico Eagle Mines continues to assert its position as a global leader among the world’s most disciplined and efficient gold producers. With annual output exceeding 3 million ounces and operations focused in top-tier jurisdictions — Canada, Finland, and Mexico — the company embodies a strategy grounded in operational resilience, high-quality geology, and self-financed growth. Unlike some of its peers, such as Newmont or Barrick, Agnico has consistently avoided risky or dilutive acquisitions.
Newmont's Stellar Q2 Results Signal Undervaluation
Sep 3, 2025
By Laurent MAUREL
Reading time: 4 mins.
Newmont released exceptional quarterly results, far surpassing market expectations.
Revenue came in at $5.32 billion (vs. $4.85B expected), and adjusted EPS reached $1.43, well above the consensus estimate of $1.12.
Newmont is trading at $65, up +6%, hitting its highest level since April 2023. This marks a decisive trend reversal for the stock, driven by outstanding results and the market's gradual reappraisal of the gold sector.
Deep-Sea Mining: A New Mineral El Dorado?
Aug 1, 2025
By Zenon Research
Reading time: 4 mins.
In April 2025, Donald Trump signed an executive order authorizing deep-sea mining, sparking international outrage over a practice with an unclear regulatory framework and uncertain environmental impacts.
Disclaimer: This article has been translated from French to English. The French version is available on Zenon Research.
Key Takeaways from our July Panel Discussion: Financing the Energy Transition
Jul 25, 2025
By Gaia Research Team
Reading time: 4 mins.
Explore the pivotal role of Sustainable Finance and Critical Minerals Investments in driving the energy transition. Our panelists shared invaluable insights on bridging the gap between capital and the resources essential for a sustainable future.
Copper Miners are Hot
Jul 7, 2025
By Laurent MAUREL
Reading time: 10 mins.
In this climate of widespread distrust toward fiscal and monetary policy, gold is once again asserting itself as the ultimate safe haven.
Let’s now turn to recent developments in the mining sector, with a particular focus on the turbulent week experienced by the silver market.
Amid extreme volatility, aggressive futures positioning, and an ongoing sector rotation, several key signals deserve closer analysis.
Gold's Resurgence: A Safe Haven Amid Geopolitical Turmoil and Market Shifts
Jun 25, 2025
By Laurent MAUREL
Reading time: 10 mins.
Gold ended the week at a new all-time weekly closing high, reinforcing its central role in the global financial landscape. More than ever, it stands out as the only true safe haven asset in an increasingly volatile geopolitical environment.The risk of a blockade of the Strait of Hormuz is now very real and can no longer be dismissed as a mere geopolitical hypothesis. Such a scenario would…