Here’s the thing. Supply is getting to the point where you...

Here’s the thing. Supply is getting to the point where you don’t need to have a huge copper mine to attract interest. Demand will have buyers scrambling for whatever they can get. Caribou doesn’t need to be the biggest just productive and signs are there.

The world risks “running out of copper” amid widening supply and demand deficits, according to Bank of America, and prices could hit $20,000 per metric ton by 2025.

In a note Tuesday, Bankof America commodity strategist Michael Widmer highlighted inventories measured in tons are now at levels seen 15 years ago, implying that stocks currently cover just over three weeks of demand. This comes as the global economy is beginning to open up and reflate.

“Linked to that, we forecast copper market deficits, and further inventory declines, this year and next,” Widmer said.

COPPER IS THE NEW OIL…

https://www.cnbc.com/2021/05/06/copper-is-the-new-oil-and-could-hit-20000-per-ton-analysts-say.html