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The world needs ever more copper for power grids, electrification and AI data centres, while supply is under pressure. Yet according to Jack Hoogland, copper stocks are still very cheap. He explains why he expects explosive share price increases in the coming years.
The chart below clearly shows that copper is in a multi-year bull market. And if you look at the information below, you know that the price of copper will rise much, much further in the coming years.
The tweet below shows that global copper production will decline this year for the first time in a long time. This is the result of disruptions caused by factors including extreme weather, declining ore grades and appalling management at one of the world’s largest copper producers, the Chilean state-owned company Codelco.
Meanwhile, demand for copper is rising at an ever-faster pace, driven by massive investment in areas including electrification, power grids, defence and AI data centres.
The tweet below perfectly illustrates the problem. Over the past fifteen years, there has been barely any investment in exploration for major new copper deposits. As a result, no new, truly large copper mines will be entering production for the time being. Yet the world needs copper now. 
The image below from the Financial Times shows what this means. A copper shortage that is growing at an ever-faster pace each year.
Look at the chart above and you know that the price of copper will rise much further in the coming years. Copper producers are already making huge profits, which will continue to soar in the years ahead. This will send the prices of copper stocks, which are still very cheap, soaring (even higher).
