Buy NRED by Jun 14, 2026.

Copper isn’t like other commodities it takes forever to bring new supply online. Exploration and feasibility studies alone can take 12+ years. Then, once a project is greenlit, construction and commissioning add another 4–5 years. So from first discovery to actual production, you’re often looking at 16–17 years. The problem? By the time everyone notices demand is rising, the supply response is already way behind. You can’t just flip a switch to mine more copper overnight. That lag creates tight …