There won't be any mondayitis come Monday!

 

Elon Musk wielded a real-life chainsaw on stage at the Conservative Political Action Conference (CPAC) in February 2025. The tool was gifted to him by Argentine President Javier Milei, serving as a literal symbol for the Department of Government Efficiency (DOGE) and their campaign to slash federal bureaucracy.

 

Punters lined up this week for SpaceX IPO at a US$1.75 trillion valuation, priced beyond perfection, making "the chainsaw man" the world's first trillionaire as the shares hit the boards in New York at $US150, well above their $US135 issue price.

 

To put it all into perspective, if Elon Musk were to spend ONE MILLION DOLLARS EVERY SINGLE DAY, it would still take him roughtly 2,740 YEARS TO SPEND A TRILLION DOLLARS.

 

Well done, punters, but I stick to the AI trade with the hype stripped out: copper. You see, every data centre, every transformer, every kilometre of new transmission is copper. And supply can't keep up, because new mines take a decade or more to permit and build.

 

The world’s largest copper miner, BHP, says that roughly 10–15 million tonnes per annum of additional copper is needed over the next decade.

 

Go on, google "Who is the biggest copper producer?" The answer, "BHP is the world's largest copper-producing company, generating approximately 1.47 million metric tons annually, followed by Codelco (Chile) and Freeport-McMoRan (United States)."

I am sticking with BHP and their demand forecast in the above graph, because here's the thing: a chip stock can shed a tenth of its value overnight; the copper needed to power that chip has no such problem.

Yesterday BHP shares closed at $62.93. In New York they closed at the Australian equivalent of $64.43, promising a good start on Monday.

 

BHP trades on the New York Stock Exchange as an American Depositary Receipt (ADR). Each ADR represents two ordinary shares of BHP traded on the Australian Securities Exchange (ASX). Therefore, US$90.82 converted at 0.70475 and divided by 2 equals AUS$64.43. www.bhp.com

 

I reckon there won't be any mondayitis for me come Monday morning.

 

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