Can Copper Supply Have Global Implications?
Rick Rule, CEO at Sprott US Holdings explains the global implications of copper supply.
“Copper is essential for the future of mankind, essential for an increasing standard of living among the 2 billion people in the world who are the world’s poorest. If you travel and frontier to emerging markets as much as I do, you’ll see that in the last 30 years mercifully, the poorest two billion people in the world have become progressively less poor. And as the standard of living that you and I enjoy goes to the rest of the world, their demand for electricity increases which means their demand for copper increases. So looking four years out, five years out, six years out, I see life getting better and better and better for most of mankind which means we use more and more and more copper.” – Rick Rule, CEO at Sprott US Holdings