S American assets have their unique challenges including grade. It’s not easy to explore or develop at high elevations in the Andes. The US has multiple highly favorable states for Cu exploration, and is one of the best jurisdictions to operate in by any metric.
We'll see about that 😂😂😂😂 Good luck
"best jurisdictions" raises a lot of questions so v happy this isnt my beef.
Tell me you don’t know who’s the largest copper producer are in the world? Chile and Peru are like 60% - 70%. There’s no universe where America becomes even remotely dominate. But if you want to participate in MAGA magical economic thinking go ahead.
I am sure cost increases, risk premium, interest hikes, environmental concerns will impact the business case, and if uncompetive you only cater to domestic market. But I have no issue in markets proving me wrong, just skeptical.
1) Cu is sold on the global market so it’s not even domestically produced. 2) there’s constant mineral exploration efforts in the US, ordinary people just never hear about it. 3) Much of the Cu I’m referring to is already found and proven, just not in production due to legal challenges
Skeptical too. And won’t happen fast, if at all. It’s a lot of risk capital. If tariffs come off in the future the cost advantage from other countries crowds out anything that can be produced in the US.
So nobody is going to risk his capital.
I’d say no - and not just cooper. Steel, aluminum, cars etc. Trump is way too transactional and short term and lacks any strategic foresight- that environment WILL NOT encourage that type of investment. If you want this short of policy you need lots of tax / tariff/ legal certainty.
I’ve worked in the industry for 20 years. I’m not MAGA, not arguing the US becomes Cu independent. I do know a little about exploring for Cu. There are also multiple large-to-massive Cu deposits in this country that would change the equation, but can’t get developed for various reasons, some valid.