Glencore CEO , Gary Nagle has just reiterated what Mode, David have been saying about an impending deficit unlike seen before. Expecting copper prices to double to $15k per tonne from $8.4k today over the next few years
"It takes at least 10 years to built a greenfield copper mine so you can see what's in the pipeline and the supply isn't there. Moreover the green transition will be an enormous call on supply with some suggesting we'll need as much copper in the next 25 years as in the previous 5000 years."
https://www.forexlive.com/news/glencore-ceo-warns-on-huge-deficit-coming-on-copper-20221206/
Hole 10, page-7
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