BlackRock World Mining Trust (LON:BRWM) has ridden a powerful mix of copper demand, stronger gold prices and a standout gain from a long-held royalty sale, but the bigger story is what comes next.
In this interview, Thomas McMahon explains why AI infrastructure, electrification, reshoring and renewed infrastructure spending could keep creating opportunities for the trust, while also weighing how dividend growth and geopolitical volatility may shape the outlook.
Key moments
00:19 Strong 2025 performance driven by copper and gold.
01:32 An 840% royalty return since 2015.
02:22 AI, electrification and renewables strengthen the copper case.
03:25 Reshoring and infrastructure spending lift metals demand.
04:33 A 4.3% dividend increase in 2024.
05:31 Gold miners could support further dividend growth.
06:50 Geopolitics, mining costs and the medium-term outlook.
BlackRock World Mining Trust invests in mining and metals opportunities around the world, giving investors exposure to commodity producers and, at times, harder-to-access private or unlisted investments linked to the sector.
