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Adam Grinbergs

Adam Grinbergs

Associate, Portfolio Research at TD Asset Management; former mining engineer with expertise in commodities market analysis

Jul 16, 2026

8:19
Do we have the copper supply to meet that? And if not, how do we find equilibrium?
8:24
Sure.
8:24
So on the supply side, I think Hamza made a good point earlier when he was referring to the commodity cycle of exploitation and then investment, because copper is one of the commodities where that can be most clearly seen in the idea that you need you know, a pretty long lead time.
8:47
Mines that are coming into production, mines that came into production, I think there's a statistic that ones that came into production from 2005 took an average of about 13 years to build.
8:59
And in the last five years, maybe six years, those mines that have come online have taken something like 18 years to build.
9:08
So the, um, problem on the supply side is that it's very slow moving.
9:12
And, um, and then to answer your question about like, what does the project pipeline look like? Um, there are not a whole lot of green lights as far as the mining companies go.

15 MINS LATER

24:27
What do you like more on a, say, three-year view?

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