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76ers acquiring Jaylen Brown from Celtics for Paul George, four draft picks in NBA blockbuster

NY Post
1 month 3 weeks ago
After lots of speculation, Jaylen Brown has been traded.
Collin Ward

Inside the new Air Force One: Trump’s Qatari jet features massage chairs, Apple TV, gold fixtures

NY Post
1 month 3 weeks ago
The Post was on board for the inaugural flight of the newest member of the Air Force fleet, traveling with the president from the White House to the opening of the Theodore Roosevelt Presidential Library in North Dakota.
Emily Goodin

As Democrats Freak Out Over Socialist Takeover, Kamala Harris Speaks With Zohran Mamdani

Zero Rss
1 month 3 weeks ago
As Democrats Freak Out Over Socialist Takeover, Kamala Harris Speaks With Zohran Mamdani

In the same week Democrats began sounding alarms over radical left-wing revolutionaries gaining power and hijacking the party, there is a new report from Axios that Kamala Harris privately spoke with far-left New York City Mayor Zohran Mamdani and held closed-door meetings with progressives, including pro-Palestinian activists, as she appears to lay the groundwork for a potential 2028 White House run.

Axios reported, "Harris, who occasionally has texted with Mamdani in the past few months, called him two days after the mayor's handpicked candidates swept three congressional races in New York City, ousting a pair of incumbents."

"It's the latest sign the former vice president is laying the groundwork for a potential White House run in 2028 — and is looking to strengthen or repair her relationships with left-wing Democrats," the report said.

Axios did not reveal the specifics of the conversation, but the timing is telling.

Democratic Party elites are increasingly fearful that Democratic Socialists are gaining real power inside the party, and Harris' private outreach to Mamdani suggests she understands the far left may be impossible to ignore ahead of 2028.

The wake-up call for the Democratic Party came last week in New York City, where Democratic Socialists scored closely watched House primary victories over candidates backed by House Democratic Leader Hakeem Jeffries.

The result sparked panic inside the party, as establishment Democrats went to MSM to rant:

Veteran Democratic strategist James Carville/ New York (D) Congressman Tom Suozzi

'START YOUR OWN MOVEMENT': Veteran Democratic strategist James Carville is calling on Socialists to start their own movement and stop using the Democratic Party to advance it.

"If it's such a powerful, sweeping movement that's got momentum everywhere, then go ahead and be at the… pic.twitter.com/et3mZzqIA8

— FOX & Friends (@foxandfriends) June 26, 2026

New York Attorney General Letitia James

Sen. Elissa Slotkin, D-Mich

🚨 DEMOCRATS IN FULL CIVIL WAR — MODERATES VS SOCIALISTS!

Even Elissa Slotkin is reading the tea leaves: “The Democratic Party is a circular shooting squad… we just don’t have people who understand the moment and what leadership means.”

James Carville straight-up telling the… pic.twitter.com/IlGBHWUNMQ

— Gunther Eagleman™ (@GuntherEagleman) June 26, 2026

Hakeem Jeffries

Hakeem Jeffries refuses to answer if he will work with New York City Democrat Socialist Darializa Avila Chevalier.

CNBC: How are you going to work with some of these folks?

JEFFRIES: “Her views are clearly not my views… in terms of what brings Democrats together…” pic.twitter.com/JdjmwxSfr2

— RNC Research (@RNCResearch) June 25, 2026

Our take is that Harris might not just be repairing relationships with socialists but also hedging against a party base that is quickly shifting far left as the establishment scrambles to contain it.

That's because mainstream America might not be ready for a socialist takeover. The Trump team fired up their narrative machine and blasted the "communists" last week ... Trump said on Truth Social last week:

"These are not social Democrats; these are hard-core, godless Communists. This is the most serious threat to our Country since its existence 250 years ago."

Polymarket odds on Democratic Presidential Nominee 2028

Whether Harris asked Mamdani to dial back the socialist propaganda remains unknown as the party, with no guardrails, increasingly embraces socialism and Marxism - just as much of Latin America is eradicating far-left extremists from power.

Tyler Durden Wed, 07/01/2026 - 18:15
Tyler Durden

Middle-class NY mom led anti-Israel extremist group, donated to Palestinian terrorists, feds say: ‘I wish every day were Oct. 7’

NY Post
1 month 3 weeks ago
The anti-Israel group, called the Direct Action Movement for Palestinian Liberation, rejects peaceful protests and encourages sabotage and property destruction, according to prosecutors.
Priscilla DeGregory, Xavier Serrano

The Knicks starting five are invited to Taylor Swift and Travis Kelce’s MSG wedding

NY Post
1 month 3 weeks ago
Jalen Brunson, Josh Hart, Mikal Bridges, OG Anunoby, and Karl-Anthony Towns are among the 1,000 to make the list.
mliss1578

The Knicks starting five are invited to Taylor Swift and Travis Kelce’s MSG wedding

NY Post
1 month 3 weeks ago
Jalen Brunson, Josh Hart, Mikal Bridges, OG Anunoby, and Karl-Anthony Towns are among the 1,000 to make the list.
Carlos Greer

Tobias Harris leaves Pistons for $31 million Spurs contract

NY Post
1 month 3 weeks ago
The NBA Finals-losing Spurs are bolstering their depth on the wing. 
Dylan Svoboda

Missing Teen Found Alive After 4 Years — But the Ending Isn’t What Anyone Expected

NY Post
1 month 3 weeks ago
After nearly four years of mystery, missing teen Joniah Walker has been found alive — but the shocking twists are only beginning. Why wasn’t there an emotional homecoming, and where has she been all this time? The stunning new details raise more questions than answers in a case that took an unexpected turn.
New York Post Video

Leon Rose will see to Knicks rebounding from Mitchell Robinson’s departure

NY Post
1 month 3 weeks ago
In Leon, We Trust.
Mike Vaccaro

Stephen A. Smith delivers unhinged hot take on new-look Lakers

NY Post
1 month 3 weeks ago
Stephen A. Smith has entered the Lakers group chat — and, as usual, he did not come quietly.
Ryan Anderson

Woman found fatally shot in neck inside NYC home in apparent domestic incident

NY Post
1 month 3 weeks ago
Tatiana Pettus was discovered with a mortal gunshot wound to the neck inside a bedroom when police responded to a 911 call around 11:25 p.m. at her apartment building on Foster Avenue near East 29th Street in Flatbush, according to cops and sources.
Amanda Woods

Costco to open another SoCal location – but some residents grumble its ‘not necessary’

NY Post
1 month 3 weeks ago
A Southern California city is preparing to welcome a new retail addition, though not everyone is too thrilled about it.
Brian Gallagher

NYC pet store sold ‘hundreds’ of illegal puppy-mill pups while posing as rescue center: suit

NY Post
1 month 3 weeks ago
A Brooklyn pet store sold hundreds of commercially-bred dogs while trying to dodge a state puppy mill ban by falsely posing as a rescue center, according to a new lawsuit from the Attorney General’s office. Puppy Boutique — also known as Quality Canines Inc. — illegally advertised and sold puppies from their Dyker Heights storefront,...
Peter Senzamici, Xavier Serrano

Kendall Jenner calls this 2-in-1 sculpting skin care product her ‘go-to post-workout detox’

NY Post
1 month 3 weeks ago
She called the multitasking K-beauty buy a "really nice product."
mliss1578

Kendall Jenner calls this 2-in-1 sculpting skin care product her ‘go-to post-workout detox’

NY Post
1 month 3 weeks ago
She called the multitasking K-beauty buy a "really nice product."
Hannah Southwick

Nuggets enter LeBron James sweepstakes with one big selling point

NY Post
1 month 3 weeks ago
The Denver Nuggets have entered the LeBron James sweepstakes, and while they may not be the obvious favorite, they might be one of the most fascinating fits on the board.
Ryan Anderson

Rangers trading Will Borgen to Bruins as blue line overhaul continues

NY Post
1 month 3 weeks ago
Will Borgen was traded to the Bruins on Wednesday as part of Blueshirts president and general manager Chris Drury’s makeover of the blue line.
Mollie Walker

Anders Lee signing with Mammoth in end to Islanders captain’s tenure

NY Post
1 month 3 weeks ago
The Islanders have lost their captain.
Andrew Crane

Copper Demand Surges, But Supply Deficit Is Hard To Solve, Expert Says

Zero Rss
1 month 3 weeks ago
Copper Demand Surges, But Supply Deficit Is Hard To Solve, Expert Says

Authored by Mary Prenon via The Epoch Times,

The ongoing artificial intelligence (AI) boom underscores a harder-to-resolve supply issue for copper, according to veteran natural resource investor Rick Rule.

Speaking recently with Siyamak Khorrami, host of EpochTV’s “Market Insider,” Rule said the increasingly energy-intensive lives people around the world are living have pushed up demand for copper. With companies and countries investing heavily in AI, future demand for the red metal will be “staggering,” he said.

At the same time, the world, especially the United States, doesn’t have enough copper development projects “in the pipeline,” Rule said, making a copper shortage and higher prices inevitable.

Growing Supply Deficit

According to the International Copper Study Group, global refined copper consumption rose to 28.2 million metric tons in 2025 from 25.8 million metric tons in 2022, while production increased to 28.6 million metric tons from 25.2 million metric tons over the same period. This represents a supply surplus of 400,000 metric tons.

However, given the essential role copper plays in electrification, digitalization, and technologies such as AI, data centers, electric vehicles, and defense, a January S&P Global study predicts that demand for the metal will rise to 42 million metric tons by 2040. The study also estimates that, without “meaningful supply expansion,” there could be a copper shortfall of about 10 million metric tons by then.

Copper prices have risen significantly. Copper futures on the New York Mercantile Exchange settled at $6.20 per pound on June 28, nearly doubling from their post-pandemic low of $3.23 per pound, reached on July 11, 2022.

The situation is more challenging for the United States. The country is a net copper importer, producing less than half of the refined copper it consumes. According to the United States Geological Survey, a scientific agency under the Department of the Interior, America produced 850,000 metric tons of refined copper in 2025 while consuming 2.2 million metric tons, resulting in a deficit of more than 1 million metric tons.

The United States is expected to remain a net importer of copper through 2040, with imported refined copper projected to account for about 70 percent of consumption, according to a June 23 SEC filing citing Wood Mackenzie data.

In November 2025, the Department of the Interior added copper to the U.S. Geological Survey’s critical minerals list.

Underinvestment

“In copper, we have been systemically underinvested in exploration, in construction, in development, and we’ve been doing so for 30 years,” Rule told Khorrami.

“This is a capital-intensive, long-term business. There is nothing we can do right now—nothing, not one thing—that will prevent a supply shortage within five years.”

Source: U.S. Geological Survey, Mineral Commodity Summaries 2025—Copper

Rule said developing a new copper mine is a very long process, taking about 10 years to explore and find a mine, three years to drill, three more years “in a good country” to secure a permit and funding, and two years to build—about 18 years in total.

“The difficulty is that people weren’t doing enough of this 18 years ago,” he said.

Wood Mackenzie estimated in a 2021 analysis that the world copper industry had committed around $120 billion in capital spending to maintain production at the time, offsetting the impact of grade decline and depletion.

“Nonetheless, without additional substantial investment, production will decline from 2024 onwards. Coupled with demand growth, this decline in output will lead to a theoretical shortfall of around [16 million metric tons] by 2040,” the analysis states. To close the copper supply shortfall, the analysis said, the industry would need about $325 billion in additional investment.

“The industry is looking right down the barrel at an incredible capital spend to merely maintain current production levels, never mind increase it to meet the demands of rural electrification in the third world, data centers, electric vehicles, the electrification of everything,” Rule said.

“If you believe the numbers that people like Google and Amazon are putting out in terms of their data center demands, we will need to produce more copper between 2026 and 2050—24 short years—than has been mined in the history of mankind,” he said.

Rule said the industry has entered a copper construction cycle.

“For a long time, when copper was languishing at $3 a pound, the industry didn’t make enough money to build new mines; $6 a pound is not a bad incentive price.”

Permitting Hurdles

However, he said there are currently few construction-ready projects due to decades of underinvestment in mineral exploration. In the United States, he added, the permitting process is a major hurdle for these projects to move forward.

For example, Rule said the Resolution Copper project, jointly owned by Australian mining giants Rio Tinto and BHP and located in Arizona, is a high-quality copper deposit and well-located, but has been waiting more than a decade for a permit.

According to Rio Tinto’s website, if developed, the Resolution Copper project could be one of the largest copper mines in the United States, having the potential to supply up to one-quarter of the U.S. copper demand.

After decades of exploration, the Resolution deposit was officially discovered in 1995, according to the Department of Agriculture. It started the permitting process in 2013 and released its independent Final Environmental Impact Statement in 2019, entering a new phase of public consultation, according to a Rio Tinto press release. The company said in a March release that it had completed a key land exchange advancing the project toward development.

“All of this points to the fact that we’re going to have to get used to higher copper prices,” Rule said.

Tyler Durden Wed, 07/01/2026 - 17:50
Tyler Durden

Sergei Bobrovsky joining Maple Leafs on $21 million NHL free agency deal

NY Post
1 month 3 weeks ago
Bobrovsky, 37, exits Florida in free agency, after leading the Panthers to three consecutive Stanley Cup Final appearances.
Grace McCarron

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