'We're heading for a train wreck here.' Billionaire miner Robert Friedland
Billionaire miner Robert Friedland: the mining industry is failing to increase supply ahead of 'accelerating demand.'Friedland: the market has yet to realize the significance of copper and how it is essential to decarbonization efforts.We have all seen news headlines for lithium, cobalt, nickel, and other rare-earth metals needed for electric vehicle batteries and the entire electricity infrastructure.
Copper is essential in electric vehicle motors and batteries, as well as cabling and transformers, to build out the nationwide electric vehicle charging infrastructure in the US and worldwide. Friedland's longer-term view of higher copper prices is supported by a combination of decarbonization efforts globally, rising China demand, the emergence of India, and the modernization of militaries after the Ukraine war.
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