Here's the problem now...As much as I wanted to pick up some TGB shares again after trading it multiple times, the election of the disgusting one forces a re-think. One of the main arguments for copper was the adoption of EVs and the resulting increase in copper usage. I'm not so sure about that given that orange jesus is going to immediately halt all gov subsidies for all things renewable and instead open the floodgates on fossil fuel so everyone can drive an even bigger 4x4 ....6 doors instead of the puny 4. What's that do to the copper thesis? On the other hand if construction picks up and industry gets brought back to the US there might be increased demand on that side. I'd add too that the bond market is blowing up...they are betting on inflation roaring back which will absolutely kill housing which is a huge user of copper.
TGB doubling production once Florence is online is nothing short of amazing but since the pigman is now president I'm not quite sure what to make of things. Of note...silver plunged today...another EV metal that won't be in demand as the lunatic brings back coal and gas to destroy the environment beyond hope.