Enrico Guy

"Copper is at all-time highs because there's more demand than there is supply... high-grade copper projects are being depleted. Big mines are starting to get older. We have data centers, artificial intelligence and the electrification at hand that is pushing the demand." The convergence of massive new demand vectors (AI infrastructure and EVs) with structurally constrained supply (aging mines, lower ore grades) creates a long-term bullish environment for copper. Large producers and copper mining ETFs will directly benefit from sustained higher commodity prices as the deficit widens. LONG. Copper miners hold the existing reserves necessary to feed the unavoidable demand from the old economy and new tech infrastructure. A severe global recession could temporarily destroy industrial demand for copper, or new extraction technologies could unexpectedly flood the market with supply.

"Copper is at all-time highs because there's more demand than there is supply... high-grade copper projects are being depleted. Big mines are starting to get older. We have data centers, artificial intelligence and the electrification at hand that is pushing the demand." The convergence of massive new demand vectors (AI infrastructure and EVs) with structurally constrained supply (aging mines, lower ore grades) creates a long-term bullish environment for copper. Large producers and copper mining ETFs will directly benefit from sustained higher commodity prices as the deficit widens. LONG. Copper miners hold the existing reserves necessary to feed the unavoidable demand from the old economy and new tech infrastructure. A severe global recession could temporarily destroy industrial demand for copper, or new extraction technologies could unexpectedly flood the market with supply.