Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Copper: Remain Bullish Stocks, Copper Price To Stay Elevated At >13,000 USD/Ton

Copper: The Continuous Rise Of Comex Inventories And The Mean Reversion Of Copper-Aluminum Price

Copper Takes a Breather, but Animal Spirits Poised to Take Over in Greenland Land Grab

Copper Breaks 13,000 USD/Ton, Upgrades To Equities To Gain Momentum

Copper Great Long-Term, But Short-Term Retrace To 12k USD/Ton Or Lower

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>The US government launched <a href="https://www.cnbc.com/2026/02/03/trump-stockpile-critical-minerals-reserve-project-vault.html" target="_blank" rel="noopener">Project Vault, </a>an initiative to stockpile 12 bn USD worth of critical minerals, and copper was included in the <a href="https://www.usgs.gov/news/science-snippet/interior-department-releases-final-2025-list-critical-minerals" target="_blank" rel="noopener">USGS</a> list.</li>
<li>We believe this would embolden traders to also stockpile on the COMEX, where inventory levels are almost approaching 600k tons (&gt;25% of US demand). </li>
<li>Long-Term, we are bullish on copper, but the short-term stockpile trade is now back in vogue. We like <a href="https://www.smartkarma.com/entities/southern-copper-corp" target="_blank" data-smartkarma-citation="entities:16279:1" rel="noopener">Southern Copper (SCCO US)</a> / <a href="https://www.smartkarma.com/entities/antofagasta-plc" target="_blank" data-smartkarma-citation="entities:21814:1" rel="noopener">Antofagasta PLC (ANTO LN)</a> </li>
</ul>


The US government launched Project Vault, an initiative to stockpile 12 bn USD worth of critical minerals, and copper was included in the USGS list.
We believe this would embolden traders to also stockpile on the COMEX, where inventory levels are almost approaching 600k tons (&gt;25% of US demand). 
Long-Term, we are bullish on copper, but the short-term stockpile trade is now back in vogue. We like Southern Copper (SCCO US) / Antofagasta PLC (ANTO LN) 


Launch of Project Vault to Change Short-Term: Copper Back to 14k USD/Ton In Play