Jun. 26 at 4:48 PM
$NREDF this is the part the market keeps underpricing.
China doesn’t just import copper it controls the refining and uses that leverage across manufacturing and strategic supply chains. Rare earths take it even further, where processing + magnet production dominance is already established.
That’s why copper and rare earths are no longer just “mining trades” they’re becoming defense, AI, grid, and drone infrastructure stories.
Canada sending C
$3.47B of copper ores to China in 2025 (+73% YoY, 55%+ share) just reinforces the dependency risk.
North America is going to have to build more of this chain domestically.
Names like NovaRed with defined target zones at Wilmac sit early in that shift.
Watching
$MP $LAC $ALB as the liquid leaders.