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Dan Dreyfus: America's Critical Minerals Crisis is Here

Wed, 10 Jun 2026 03:04:00 +0000

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Dan Dreyfus Too Early 00:10:31 marketseconomy

Over the next 18 years, global copper demand (growing in line with GDP alone) will require roughly 700 million tons of copper — as much as has been mined in the last 10,000 years of human history.

“Now, listen carefully. That means over the next 18 years, we're going to need 700 million tons of copper. Over the next 18 years, we're going to need as much copper as we mined in the last 10,000 years.” View on YouTube
Explanation

This is an 18-year demand forecast (through roughly 2044) for cumulative global copper consumption; the timeframe has barely begun and cannot yet be assessed.

Dan Dreyfus Too Early 00:13:40 markets

The price of copper will easily double from its current level.

“Well, you know, I I think the copper price is easily going to double from here. I mean, I've seen I've seen molybdenum go from a dollar a pound to $33 a pound. So, a double is no big deal.” View on YouTube
Explanation

No explicit timeframe was given for the copper price to double. As of August 2026, copper has hit record highs (~$6.77/lb, up roughly 14% on the year) but has not doubled from its June 2026 level, so this has not yet resolved either way.

Dan Dreyfus Too Early 00:23:00 markets

Above-ground silver inventories will run out (stock out) within 3 years, given a persistent ~200 million ounce annual supply deficit.

“So the clock's ticking. We got 3 years left, guys, before we just stock out.” View on YouTube
Explanation

This is a 3-year forecast (through roughly mid-2029) for above-ground silver inventories to be exhausted; the timeframe has not elapsed.