Nov. 11, 2025 1:54 PM ETiShares MSCI Global Metals & Mining Producers ETF (PICK)LMSNDS03:COM, LMZSDS03:COM, LL1:COM, LN1:COM, LMAHDS03:COM, HG1:COM, PICKAndrew HechtInvesting Group LeaderCommentsSummaryiShares MSCI Global Metals & Mining Producers ETF has surged over 26% since May 2025, outperforming the base metals composite.PICK benefits from strong Q3 and year-to-date gains in copper, aluminum, tin, and other base metals, reflecting robust sector fundamentals.The ETF offers leveraged upside to base metals, supported by structural copper deficits, Chinese demand, and global energy transition trends.Remain bullish on PICK, expecting further gains, but recommend adding exposure only on pullbacks due to sector volatility and risk grades.Agustin Orduna/iStock via Getty ImagesI last wrote about the iShares MSCI Global Metals & Mining Producers ETF (PICK) product on Seeking Alpha on May 22, 2025, where I concluded with:Given the technical and fundamental position of theMore on my IG serviceThe Hecht Commodity Report is one of the most comprehensive commodities reports available today from a top-ranked author in commodities, forex, and precious metals. My weekly report covers the market movements of over 29 different commodities and provides bullish, bearish, and neutral calls, directional trading recommendations, and actionable ideas for traders and investors.This article was written byAndrew Hecht30.56K FollowersAndrew Hecht is a 35-year Wall Street veteran covering commodities and precious metals. He runs the investing group The Hecht Commodity Report, one of the most comprehensive commodities services available. It covers the market movements of 20 different commodities and provides bullish, bearish and neutral calls; directional trading recommendations, and actionable ideas for traders. Learn more.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.The author always has positions in commodities markets in futures, options, ETF/ETN products, and commodity equities. These long and short positions tend to change on an intraday basis.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsRecommended For You