$Taseko Mines(TGB.US)

Is a Copper Shortage Coming? 👀

CONTEXT

Copper is gaining attention as supply struggles to keep pace with growing demand from power grids, electrification, renewable energy and AI data centres.

The world hasn’t run out of copper, but the longer-term outlook is tightening. New mines can take years to develop, while existing producers face declining ore grades, rising costs and operational disruptions.

That makes TGB, formerly Taseko Mines, particularly interesting.

The company recently rebranded as Trekor Metals to reflect its growing business and expanded North American asset base. With Gibraltar already producing and Florence Copper ramping up, Trekor is evolving into a multi-asset producer just as concerns over future copper supply are intensifying.

The timing could prove significant. If copper becomes increasingly scarce, dependable production from stable North American operations may become even more valuable.

MY TRADE

This remains an open position in my Longbridge portfolio.

The stock has pushed through the psychological $9 level after repeatedly testing it. I’m now watching whether that former resistance can become support.

TAKEAWAY

A potential copper shortage supports the broader thesis, but a strong commodity story should not replace company-level research.

For now, I’m letting the trade play out while watching whether copper’s momentum and Trekor’s operational progress can support another leg higher.