VRIC Conference 2022 copper forecast
Paul Harris “Analysts have predicted by 2030 there’ll be6-10mil tonnes copper deficit in a market around 20-22 mil tonnes” … “within acouple of years it could potentially take off” … “there hasn’t been a supplyresponse”
Rick Rule “Will there by a synchronised depression recessionwithin the next five years, if the answer is no then there’s going to bewidespread and acute copper shortages“ … “we have underinvested systematically inthe copper business over the past two decades” … “Absent decreased demand we’regoing to have a decreased supply and there ain’t no way around that … and there’sgoing to be a price response”
Ivan Bebek “Long term really strong demand that’scoming, short term there’s a lot of copper supply but come 2025 onward that’swhen we really hit the crunch” … “from discovery to production 10-20 years”
