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AI versus Commodity Capital Expenditure
Much is being made of the investment in Artificial Intelligence (AI). In fact, global spending on artificial intelligence is projected to reach US$2.52 trillion in 2026, according to a forecast by Gartner . This represents a 44% increase from 2025, reflecting a significant growth trajectory in AI investments. This expenditure should underpin the ‘tech bubble’ for a little longer but the Capex cycle for the ‘old economy’ has been depressed. Analysts have consistently foreca
6 days ago3 min read


The Shrinking China Problem
20 January 2026 This week we could talk endlessly about Trump, Greenland and the race for resources, but we’re not. Let’s talk about China, a change in fortunes for Travel Companies and Property price forecasts. Fresh data released on January 19 th (our time) highlighted a widening gap between headline GDP growth and underlying economic momentum, with demographics, deflation and investment weakness weighing on the outlook. Here is a quick summary: Births fell to a recor
Jan 203 min read


Silver and ...Oil?
13 January 2026 An Introduction Talk to anyone in business and they will tell you that the biggest challenge is finding the right people and since Zinc launched in October 2024 it's been a crazy journey of growth and finding those right people. In 2026, we are about improving what we do, and step one is communication. Over the last few weeks I have spoken to some of you about what you might like to receive from Team Zinc and this is attempt 1, version 1, to deliver on just th
Jan 134 min read
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