Recorded on April 7 2026 Steve Yang sits down with Gianni Kovacevic for a wide-ranging macro conversation on the Strait of Hormuz, electrification, copper, lithium, phosphate, gold, silver, and the forces reshaping global energy and commodity markets. Gianni explains why geopolitical stress around Iran can accelerate the move away from fossil fuel dependence, why China already changed the timeline on electrified transport, and why copper, lithium, phosphate, and battery infrastructure could matter even more from here. The interview also dives into how he thinks about speculation versus investing, what he looks for in drill stories, why feasibility studies can change…
