Critical Asset Powering The World Has Severe Shortage; Price Explosion Next? | M. Colin Joudrie

Summary

M. Colin Joudrie, CEO of Selkirk Copper Mines, argues that copper faces a multi-year supply shortage because of chronic underinvestment, permitting delays, and mine disruptions. He expects copper prices to remain robust into the mid-2030s and sees mid-tier copper equities eventually catching up with the metal. He outlines Selkirk Copper's plan to restart a high-grade Yukon copper-gold-silver mine by 2028, with drilling and a 2026 PEA as key catalysts.

• Copper is described as essential to electrification, data centers, construction, electronics, and defense.
• Colin Joudrie says supply-demand imbalance and underinvestment create a prolonged copper deficit.
• Major mine disruptions at Grasberg and El Teniente have exacerbated tight supply.
• He expects robust copper prices into the mid-2030s, though he cautions $6/lb may be too high.
• Major copper producers are struggling with aging/depleting mines, while mid-tiers may deliver growth.
• Selkirk Copper is restarting a past-producing Yukon copper-gold-silver mine acquired out of bankruptcy.
• Selkirk benefits from high-grade concentrate, an extinguished gold/silver stream, and a First Nation partnership.
• Near-term catalysts include 50,000m drilling results and a mid-2026 PEA; restart targeted for 2028.