Family Advisors Banking – FAB Day Experience

Join us for an intimate lunch discussion with Russ Eley, Chief Geologist at MDF Global.

Copper is everywhere in the headlines. From AI data centres to global electrification, the narrative is clear: demand is about to explode. But is there enough supply to meet this demand?

The reality is more nuanced. In fact, a tremendous amount of copper has been discovered over the past 20 years, yet the coming decade still looks critically tight. Global copper production is projected to peak at 33 million metric tons in 2030 and then decline. Meanwhile, demand is expected to surge 50% by 2040, driven by electrification, renewable energy, and AI infrastructure. J.P. Morgan recently cut its 2026 copper supply-growth forecast to 1.4% (from 4.0%), pointing to an expected ~330,000-ton refined copper deficit in 2026. Supply is fragile, ore grades are falling, and bringing new mines online takes a decade or more.

To separate fact from fiction, we’re thrilled to host Russ Eley, a geoscientist with 28 years of diverse exploration experience around the globe. He’s currently Chief Geologist at MDF Global, and prior to that, he was at BHP for 7 years – initially in Angola, then Singapore on their global exploration team. After that, he was at Rio Tinto for 13 years, when he left in 2024, he was head of Exploration Data Science. With a passion for prioritising investment/partnership opportunities around the globe, Russ has helped deliver game-changing initiatives, insights, and innovation for the world’s largest mining companies and junior explorers. In addition to his exploration day job, Russ was also responsible for Rio’s long-term supply forecasts for various commodities, led numerous studies to help Rio prioritise which commodities to prioritise, and oversaw numerous technology-development initiatives.

Part of the copper solution may come from Copper Bay, one of the Alaskan copper assets that MDF is evaluating.

In addition to copper, Russ will touch on the Antimony market. Antimony: The critical metal the U.S. is desperate for.

China controls roughly 90% of global production and has imposed export bans, creating severe supply risks for the U.S. and other Western nations. The U.S. has zero domestic primary antimony production despite 85% import dependence, making domestic supply a national security imperative.

He will briefly cover why Felix Gold (ASX: FXG) may be a major contributor to helping the US solve this problem.

I’m sure we will also hear some interesting stories out of his global travels throughout Africa and the Americas

If you would like to hear from someone with a front-row seat to the real supply–demand dynamics shaping the next decade of critical metals, this will be an interesting discussion.

If you’re invested in copper, antimony, or the broader critical minerals story — or simply want the real story behind the hype — this lunch discussion is not to be missed.