In a stunning revelation that has left fans and industry insiders reeling, renowned analyst and mining magnate Jon Schleyer declared that copper will “never reach the elusive Flagg benchmark” — at least not in his lifetime. The bold statement was made during an interview on the Raw Materials Roundtable podcast, where Schleyer was asked about the future of global copper demand and pricing.
“Not in my lifetime, not with current supply chains and geopolitical conditions,” Schleyer stated emphatically when questioned about copper potentially hitting the much-hyped “Flagg threshold,” a term referring to the ambitious price point projected by speculative investors over the past year.
The claim has sparked widespread debate across financial forums and social media, with some fans calling his remarks realistic and grounded, while others accuse him of underestimating green energy trends and global infrastructure developments.
Copper prices have been on a volatile ride, influenced by EV expansion, AI data center builds, and strained global supply chains. Schleyer, however, pointed to overhyped expectations and speculative bubbles. “People need to separate wishful thinking from fundamentals,” he added.
Industry experts are divided, with some echoing Schleyer’s skepticism, while others predict a surge in demand will eventually push copper to historic highs — possibly sooner than expected.
Regardless of where the market heads, one thing is clear: Jon Schleyer’s comment has reignited fierce debate about the future of copper, and the timeline for its true breakout.
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