This is a very real possibility. Chinese will be the dominant civilization on the planet in due course. Copper will be in a critical shortage in less than a decade, and it is a metal essential for industrial civilization. The larger trends are taking place in areas distant from the west. The current 8 billion people will balloon to 13 billion inside of 40 years, perhaps marking a ceiling, who knows. Virtually all of this future growth, and the industrialization that will take place, will be in asia and africa and latin america and the middle east. All of these areas are either in a population boom or explosion or at least in a healthy growth pattern, unlike the west. While dead in the west, the movement of peoples to the cities is in the very early innings. The women in the west would love to have kids but they cannot afford them, debt enslaved to the banks and expensive predatory governments.
best to be poor, pay no taxes and recreate and populate and let others worry and fear the hordes.
copper's shortage in just 3 years, and then getting far worse in the next decade.
Chinese want to lock up the greatest copper discovery in the last two generations, which is Kamoa and Kakula. They think long term. They also have a 2 million man army, with another 15 (or even 30 million in a pinch) million easily resourced. These are staggering numbers.
I expect a bidding war here at some point. If china wins, so be it, provided we are at double digits for these two deposits. America, a center of corruption, debt and far worse, is being beaten in every way imaginable globally, while collapsing internally. It just takes time to stop a supertanker.
prediction: Ivanhoe share price between 2 and 2.5 u.s. by dec 31, but all bets are off if the offers begin....obviously
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