Mining is a quintessential example of the fixed supply / demand shock dynamic. Limited investment with ESG, multi-multi year to get new supply online. Eg copper & electrification driven demand is an oft cited thesis. Risk is there’s a lot of components to demand and relatively fixed supply means there’s just as much leverage on the downside should other demand components weaken
Mining is a quintessential example of the fixed supply / demand shock dynamic. Limited investment with ESG, multi-multi year to get new supply online. Eg copper & electrification driven demand is an oft cited thesis. Risk is there’s a lot of components to demand and relatively fixed supply means there’s just as much leverage on the downside should other demand components weaken
Mining is a quintessential example of the fixed supply / demand shock dynamic. Limited investment with ESG, multi-multi year to get new supply online. Eg copper & electrification driven demand is an oft cited thesis. Risk is there’s a lot of components to demand and relatively fixed supply means there’s just as much leverage on the downside should other demand components weaken