Accessible version Big Global Miners Learnings from H1 earnings. Eyes on China, tariffs. Talking copper projects. Industry Overview Top down dominates: Tariffs & China in focus. "New" EU? We reflect on key themes & takeaways post H1 results. See fun "killer charts" inside. Top-down themes: Tariffs, Dollar, China, Energy transition Tariffs: Rules keep changing, weekly. We think tariffs are bad for the US. Uncertainty, less efficiency = Bad for global growth. Copper tariff "head fake" = bad for valuations in ...