RE: Lots of after hour trades!!!7 Jan 2026 22:55
From the other BB
Billionaire Investor Robert Friedland: Americans Are Living In A Fantasy, They Have No Idea What We're Facing
Mining entrepreneur Robert Friedland delivers shock therapy on critical minerals, and the impossible challenges the West faces today.
"On the daunting scale of copper the world needs to produce over the next two decades:
“You can’t build electric cars and windmills and solar and have a modern military without these metals. So, there’s a reason why underwater power cables are so expensive. That’s what it looks like when you put up a windmill offshore Nantucket Island and you want to bring that electricity and be green. It’s all copper, copper, copper, copper, copper. Copper right now, we’re expecting that to be a $270 billion a year market by tomorrow morning. And where’s this metal going to come from? There’s no copper inventory at all.”
“How much copper are we using? We’re consuming 30 million tonnes of copper a year, only 4 million tonnes of which is recycled. That means to maintain 3% GDP growth…..now listen carefully, with no electrification…this is with burning oil and gas. To maintain global 3% GDP growth, we have to mine the same amount of copper in the next 18 years as we mined in the last 10,000 years (combined). In the next 18 years, I’ve got to mine the same amount of copper as we mined the last 10,000 years…without electrification, without data centers, without solar and wind and the greening of the world economy. You people have no idea whatsoever what we’re facing. You’re dreaming.”
On copper, gold, and a ‘failing’ dollar:
“And the energy demand is beyond anything you can possibly imagine. Like, it’s just crazy. And so, we’re coming here from the most basic of industries telling you copper is money. You can build your house out of copper bricks. 10 years from now, you can just tear your house down and buy a fleet of electric Lamborghinis with the profit…because the dollar is failing against copper. The dollar is failing against gold. The dollar is failing against water and food. We face a hyperinflationary era here.”
Sign In
Follow the stocks
