Copper is a pretty simple storyStanley Druckenmiller and Robert Friedland are both saying recently the same thing about copper and I agree it's and will be in high demand. Druckenmiller explains that it takes a long time to get copper from the ground, and with electric vehicles, power grids, data centers, and even weapons needing copper, the demand is expected to stay strong for several years. Friedland adds that there are two main groups driving this demand: one focused on green technologies, and the other on national defense. Both groups are competing for the same metals, which could cause disruptions in the global supply chain.
When big names in the industry agree on something, it's worth paying attention to.
WRN is an absolute bargain IMHO at 1 billion US dollars, solely for its copper asset. When factoring in the additional value from gold, the investment thesis becomes even more compelling.
Please remember:
increases in the company's value belong to the shareholders.
1. Shareholders own the company, even if they only hold a small number of shares.
2. Shareholders elect directors.
3. Directors appoint management.
4. Management oversees the business operations.
This system is designed as a series of checks and balances.
Here's the full quote:
Stanley Druckenmiller
"Copper's dynamics are rather straightforward. It takes roughly 12 years, from greenfield to production, to yield copper. Given the rise of electric vehicles (EVs), advancements in the grid, proliferation of data centers, and surprisingly, the demand for munitions, particularly those containing copper, the supply-demand equilibrium appears exceptionally favorable for the next five to six years."
Robert Friedland
"We observe two competing factions: one advocating for sustainability and relying on metals like cobalt, nickel, platinum, or palladium, while the other, driven by national security concerns, intensifies demand for these same metals. The urgency of metal demand during conflicts surpasses imagination. In World War I, the price of copper was visible only through a telescope. We are inevitably moving towards a world where both factions significantly strain metal supplies, leading to a division and disruption of global supply chains."