Copper Ready to Explode on Fed Rate Cut, Ivanhoe’s Friedland Says

Robert Friedland, founder and executive co-chairman at Ivanhoe Mines, says the physical market for copper is “very, very tight and now in deficit” as he sees a Federal Reserve rate cut pushing up the dollar-denominated price of the metal by the middle of the year.
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[@speedingAtI94]

wow this is a guy happy about death and destruction.

[@marshalllapenta7656]

This guy is correct about METALS!

[@AH-fm7rj]

This basically confirms that any rate cut will result in inflation explosion again

[@ibrahimsabouh5088]

Surely if there is a supply shortage , interest rates will mean naught as demand will push prices up regardless of movements in rates .

[@ryantourney2879]

If copper goes to $83k like she said (twice), I'm gonna be driving a new Ferrari every weekend.

[@perplexed76]

another reason not to cut rates

[@thejeffinvade]

It's all depends on China, not the Fed.
In 2022, China consumed 13.5 million tons of global refined copper, 54% of global total while US only counts for 7% of global copper consumption.

[@jaredwinter5125]

$83000 ? where do they find these people?

[@ryantourney2879]

Yeah...no kidding.

[@nikkionyemma5990]

How much is going to the Congolese people?