Copper: The Most Important Metal
Robert Friedland, Founder and Chairman of Ivanhoe Mines: “You're going to need a telescope to see copper prices.”
Legendary investor Stanley Druckenmiller: "Copper is a pretty simple story, takes about 12 years, greenfield to produce copper, and you got EVs, the grid, data centers, and believe it or not munitions. These missiles all got enough copper in them and the world's getting hot that we just think the supply-demand situation is incredible for the next five or six years."
BHP CEO Mike Henry: "The world will need two times more copper in the next 30 years."
Rio CEO Jakob Stausholm: "Rio Tinto sees strong growth in critical minerals demand growth through 2035, with China needing 4Mtpa more copper."
Freeport-McMoRan CEO Richard Atkinson: "There is going to be a very significant shortage in copper. It’s going to be very difficult to meet the aspirations that have been set."
Commodities veteran Jeff Currie: "Copper is the best trade I have seen in my career.. Prices need to go higher."
Legendary mining tycoon Lukas Lundin: "Copper is a commodity of choice, with a good future. An interesting thing about copper is that we don’t have many greenfield projects."
Canadian mining billionaire and Franco Nevada founder Pierre Lassonde: "Lithium is the least critical metal, it's copper that's the most critical."
Goldman Sachs: "Copper is the new oil."
J.P. Morgan: "AI could drive huge demand for copper. The future looks bright."