Copper Will Go 'Parabolic': Chamath Predicts A Squeeze

Group 1: Market Outlook - Investor Chamath Palihapitiya predicts that copper is set to go "parabolic" in 2026 due to a supply shortage and the geopolitical strategy known as the "Trump Doctrine" [1][3] - Copper futures have reached record highs around $6.10 per pound, driven by market focus on supply risks [5] Group 2: Geopolitical Context - The Trump administration reclassified copper as a critical pillar of national security, imposing a 50% tariff on imported copper to protect domestic interests [2] - This tariff has created a supply squeeze as the U.S. aims to rebuild its copper smelting and refining infrastructure [2] Group 3: Demand Drivers - Copper is described as an essential material found in various applications, including data centers, chips, and weapon systems, highlighting its ubiquitous demand [4] - The demand for copper is further driven by next-generation AI facilities, defense systems, and the ongoing energy transition, which requires significant amounts of copper [6] Group 4: Investment Opportunities - Investors can capitalize on the copper market through ETFs for broad exposure or individual stocks for higher-leverage bets on specific miners, such as Southern Copper Corp., Rio Tinto Plc, and Freeport-McMoRan, Inc. [5] - ETFs like the Global X Copper Miners ETF and the United States Copper Index Fund ETV are also available for tracking copper investments [6]