The Metals Report: Joachim, is the smart money finding its way into mining equities?
Joachim Berlenbach: At the moment, no. When we talk with investors, we hear a lot about risk relative to commodities and commodity equities. But I hope investment grows because the commodity cycle is far from over. There are two important benchmark numbers to consider. In 2012, for the first time, the world used more than 20 million tons (20 Mt) copper. Second, the world now needs more than 90 million barrels (90 MMbbl) oil each year. Every investor needs to remember these two numbers: 20 Mt and … [visit site to read more]