Asian Mining Stocks Surge Amid Hard-Asset Boom, Geopolitical Concerns

• Asian mining stocks saw significant gains as investors shifted towards hard assets like metals.
• The move is driven by unease over a weak dollar, geopolitical tensions, and global fiscal risks.
• Metals such as gold, silver, copper, and aluminum are experiencing a strong rally, termed a 'debasement trade'.
• Korea Zinc Co. shares rose 14% in Seoul, and Zhongjin Gold Corp. jumped 10% in Shanghai.
• Societe Generale SA's Frank Benzimra notes a long-term trend in metals rally due to diversification from US assets and increased demand from defense spending and AI.

Why It Matters: Investors are flocking to hard assets and mining stocks due to global economic and geopolitical uncertainties.