Bloomberg Daybreak: Asia... RF interviewhttps://www.bloomberg.com/news/videos/2021-11-16/-bloomberg-daybreak-asia-full-show-11-16-2021-video
The interview with Robert Friedman is approx. 10 minutes long... begins at ~1:17:30 and runs to 1:28.
Best to watch for yourself if interested, but here are a few points to note...
* Guidance will be set in January and will indicate that production will grow 3 - 4x present production.
* 2nd phase mine will be >400k MT
* 3rd phase mine will be in the range of 700k MT
* Plans to do 800k MT to become the 2nd largest copper producer in the world
* RF describes the Congo as the "Saudi Arabia of copper"
* Goldman Sachs reports copper to reach $12000/MT
* Copper inventories have declined for about 9 weeks in a row now
* Copper inventories are about as low as they have ever been
* 700m MT of copper used in the past 1000 years
* 700m MT of copper to be used in the next 20 years
Very interesting interview... have a look!