Headline from Bloomberg article (from 27th June 2023):

Billionaire Miner Friedland Warns of a Copper ‘Train Wreck’ as Supply Stalls

• Ivanhoe founder says he fears copper prices could jump tenfold
• Friedland sees volatility around supply chains of key metals

Here's a couple of excerpts from the article:

"Ivanhoe founder says he fears copper prices could jump tenfold."

and

"He points to very low physical inventories of copper coinciding with historically low relative valuations of mining companies. Large premiums paid in recent acquisitions indicate the mining industry understands where the market is headed..."



Here's a link to the article (it's behind a paywall but you can read the article for free if you register with Bloomberg):

Copper Price: Billionaire Robert Friedland Warns of Train Wreck as Supply Stalls - Bloomberg