Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
A supercycle in copper and other minerals is upon us. The historical demand sources, Chinese infrastructure construction and global renewable energy installation, have been joined by a more powerful driver of consumption: artificial intelligence.
Copper has been trading like a high-flying tech stock, moving in near lockstep with Nvidia and ASML. The metal hit a record close recently, pulled back when AI equities hiccupped, then surged again when investors came back to the sector. If that price action sounds familiar, it’s because it is: copper is now a derivative on the AI buildout.
The Rabid Capitalist’s miners portfolio (BHP, RIO, and VALE) has been riding this wave. The results over the last twelve months speak for themselves: the equal-weighted portfolio returned +83.5% versus +27.8% for the S&P 500. Simply put, this represents a fifty-two percent margin of outperformance.
Complete content is available for a $15 monthly subscription. Click here to subscribe:
The Rabid Capitalist 
Leave a comment