Capital Cyclists
Copper Calling: A Capital Cycle Story
Jun 5, 2024
Dan Myerson, CEO of Foran Mining, discusses the copper market and the importance of a supply-focused approach with portfolio manager Django Davidson. They explore the challenges in investing in mining, Glencore's strategy, and dynamics in the copper market, including the impact of the capital cycle on industry valuations and operations.
29:26
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Quick takeaways
- Investing in underdeveloped industries like mining during underinvestment cycles can yield significant returns.
- Understanding the supply intricacies in the copper market and leveraging global networks are crucial for strategic investments.
Deep dives
Dan Meyerson's Career Transition to Forehand Mining and Investment Strategy
Dan Meyerson, CEO of Forehand Mining, discusses his career transition from Glencore to Forehand Mining. Meyerson emphasizes the value of investing in underdeveloped industries like mining during times of underinvestment. He shares insights into utilizing the capital cycle framework to identify investment opportunities, highlighting the underinvestment in hard assets witnessed over the years. Meyerson's move to invest in a mining project despite challenges like COVID-related supply chain disruptions and the deemed unattractiveness of the mining industry underscored his strategic thinking.
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