Came across these 2 quotes over on twitter. "Stanley...

Came across these 2 quotes over on twitter.

"Stanley Druckemiller thinks copper is a pretty simple story.

I obviously agree with him.

Here's the full quote:

"Copper is a pretty simple story. Takes about 12 years, greenfield to produce copper, and you got EVs, the grid, data centers, and believe it or not munitions.

These missiles all got enough copper in them and the world’s getting hot that we just think the supply-demand situation is incredible for the next five or six years."

Ivanhoe Mines CEO @robert_ivanhoe said something very similar in a recent interview (emphasis mine):

"We have two competing tribes. One tribe says 'I want to save the world, I'm green, I need cobalt, nickel, platinum, or palladium'. The other tribe says 'Holy shit, the Army/Navy wants these metals for national defense.'

The intensity of metal demand in conflict is beyond your wildest imagination. In WWI you needed a telescope to see the price of copper."  "So we're heading to a world where both tribes have a strong demand for more metals. We're balkanizing the world into two camps, and it's tearing the global supply chains apart."

When two industry GOATs start saying the same thing, it's time to listen.

#copper"

EB