Robert Friedland, billionaire mining investor and founder of Canadian mining company Ivanhoe Mines, is unconcerned with the recent plunge in copper prices as medium and long-term demand for the metal is set to soar. Copper prices fell below the threshold of $8,000 per ton on Wednesday, as underwhelming Chinese economic data has weighed on the market and investor sentiment.
In May alone, copper prices have fallen by 8% so far, while money managers have turned increasingly bearish on copper in recent weeks. For the first time since the height of…Billionaire Mining Investor Says Copper Price Plunge Won't Last
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