Copper demand is booming, with the metal surging another 15% this year. Copper demand has always been tightly linked to economic activity, but now it's in overdrive, thanks to data centers, electric cars, and the global push to reindustrialize everywhere. Copper prices are also rising because it's caught in the crossfire of trade wars and resource nationalism; the US is expected to place tariffs on the refined metal. According to today's guest, Robert Friedland, the founder and executive co-chairman of Ivanhoe Mines, we're not even close to having enough copper for what's coming. We talk to Friedland about opening and running copper mines around the world, and what he's learned in his 40-year long career in mining (which includes a cameo from Steve Jobs).
See Odd Lots live in Los Angeles!
Read more: Copper Steadies With Dip-Buying From Funds, Chinese Industry
Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots
Join the conversation: discord.gg/oddlots

Why Bridgewater's CIO Says AI's Human Extinction Risk Is Real
1:05:20

The Rise of Organized Retail Crime at Big Box Stores
52:39

Why Money Launderers Love $100 Bills
54:30