The David Lin Report · Tuesday, August 11, 2026
Frank Giustra, CEO of Fury Group, advises investors to "buy what governments are buying" in the context of an anticipated copper supply deficit. He highlights that governments and companies are actively accumulating copper, indicating a strong underlying demand that is not fully reflected in paper markets. Giustra also points to aging mines, declining grades, and supply disruptions as factors contributing to the deficit.
“we're facing a supply deficit in copper over the next number of years”
“Don't to buy what the government tells you to buy, buy what the governments are buying and governments are buying the hell out of copper right now”
“The US government will provide 10 billion dollars in debt financing for the effort named Project Vault”
“What do you think the US is preparing for when they're setting up a 12 billion dollar vault of critical minerals”