Buy Hold Sell: Copper's time has finally come (and 2 big buys)

For years, experts have predicted a coming surge for copper. BHP, for instance, believes that copper demand will grow by around 70% to over 50 million tonnes (Mt) a year by 2050. For context, the total copper demand in 2023 was 31 million tonnes.
But copper prices haven't really gone anywhere over the last three years - sitting at around the mid-US$4 level since then.
According to today's guests, slowing global economies has had a dampening effect on demand and kept copper prices suppressed at these levels. But looking out over the next five to 10 years, that demand will increase - meaning, it will be very hard for supply to keep up. The Fed's recent 50 bp rate cut is a catalyst - and supply shortages mean this theme won't last for 18 months or two years but for many years to come.
So, in this episode, Money of Mine's Matt Michael was joined by Perennial's Sam Berridge and Argonaut's David Franklyn for their answers to the big copper conundrum.
They analyse three copper stocks listed locally in Australia - including Sandfire Resources (ASX: SFR), Metals Acquisition (ASX: MAC) and Evolution Mining (ASX: EVN).
Plus, they both name two big BUYS in the copper space that they are bullish on today.
Note: This episode was recorded on Thursday 19 September 2024. You can read an edited transcript below.
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[@Eugeneizzy]

How good is Matty!

[@raceyamates5435]

Two good fund managers, I like this trio 😊 Let's talk lithium next

[@all4fishingaustralia514]

Great show, thanks.

[@SectorVestor]

Im on RIO / BHP long term passive local play in my Super. In USA Im on SCCO / FCX for biggest upswing of Copper Price. Im not all in as we are in a Recession 😉. Once we get a pull back and we will. Im stacking up and Silver /Uranium Stocks for a big swing of the back. Just those 3 great long term clean energy play.😊 😊😊😊

[@toohp]

Great Show good job Matty

[@anarchomedico]

AUQ Alara is an ASX listed copper producer, seemingly largely unknown.

[@MrJigarercivil]

MAC got quarterly revenue 91 mil while 29M got around 130 but not discussed 😅

[@bushbunyip1986]

These 2 guys are clueless

[@treyod4158]

How so?

[@goon3rJO]

any thoughts on Bitcoin ?

[@masonhzx]

this sick homeless host destroy this brand