HANetf head of research Tom Bailey talked with Proactive's Stephen Gunnion about the economic and market outlook for 2025. Bailey noted a generally benign global economic environment, driven by a strong US economy and easing monetary policies. However, he warned of emerging inflation risks tied to government fiscal positions and geopolitical uncertainties. Bailey highlighted key themes such as the structural demand for copper, driven by renewable energy, electric vehicles, and AI infrastructure. He explained that copper's role is expanding beyond traditional sectors, becoming vital for the energy transition and technology advancements. On uranium, Bailey acknowledged a disappointing 2024 but emphasised the bullish long-term outlook. He pointed to strong demand growth, supply constraints, and bipartisan U.S. support for nuclear energy as catalysts for the sector. The expansion of AI and data centres, along with industrial shifts in emerging markets, was also noted as a driver of high energy demand, further strengthening the case for nuclear energy. Bailey concluded with optimism for both copper and uranium, underpinned by their critical roles in the global energy transition and emerging technologies. Visit Proactive's YouTube channel for more insightful interviews. Don’t forget to like the video, subscribe to the channel, and enable notifications for future updates. #HANetf #MarketOutlook2025 #CopperDemand #UraniumInvesting #EnergyTransition #AIInfrastructure #ElectricVehicles #InflationRisk #RenewableEnergy #ProactiveInvestors