Gold To $10,000 While This Asset Doubles: CEO On Start Of Supercycle Frenzy

Summary

Ian Harris, CEO of Copper Giant, argues copper is in a structural supercycle that could take prices to $10 per pound and sees gold potentially reaching $10,000. He says AI data centers, deglobalization, smelting-capacity races, and scarce new mine supply are bullish for copper, while mining equities and consolidation activity suggest the sector is still early in a bull market. Harris also presents Copper Giant's Colombian Makoa project as a rare near-surface, infrastructure-advantaged asset that could be advanced before Colombia's next election.

• Copper is framed as a long-term supply-demand winner driven by AI data centers, electrification, deglobalization, and smelting-capacity competition.
• Gold and mining equities are discussed as being in an early secular bull market, with GDX up sharply but valuations still below historical peaks.
• Major copper miners are merging for scale because new projects are scarce, which Harris sees as a sign of higher future copper prices.
• Harris argues copper has no scalable substitute, with aluminum inefficient and silver too expensive for widespread wiring.
• Copper Giant's Makoa project is presented as a rare unicorn asset near surface, infrastructure, and ports with attractive economics at current copper prices.
• The company aims to complete a PEA before Colombia's next presidential election to secure permitting and political support.
• The interview touches on government critical-minerals involvement, AI power demand, and institutional money returning to mining equities.