Copper demand out to 2050 exceeds what current and imminent supply can deliver, creating a large structural supply gap; he is a huge copper bull from both demand and price perspectives, and he views aluminum substitution as inadequate because copper is a superior metal.
Governments in the United States, Canada, Australia, and Europe are showing much more interest in supporting critical metals/minerals, and public-sector money is flowing into private projects, which he views as a big encouragement for the sector.