Rick Rule Shares His Insight on Copper
CEO of Sprott US Holdings, Rick Rule, talks about the copper business
According to Rule, copper supply is becoming constrained. He explains how this is because of an extended period of lower prices and low investment in a productive capacity.
However, he says prices are set at the intersection of supply and demand.
“Copper mining is a very good business and the metal is really a barometer for the advancement of mankind,” Rule says.
Copper production in Canada
This statistic shows the preliminary estimates of copper production in Canada.
As you can see, in 2018 most of the supply comes from B.C, Ontario and Quebec.