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...Anglo American chief executive Duncan Wanblad said earlier this year that copper M&A is like “rearranging the deckchairs on the Titanic”, referring to its impact on solving the looming shortages of the metal...
...Sigma began shipping the silvery-white metal — a key element for EV batteries — from its hard rock mine and processing plant in the state of Minas Gerais last year....
...The precious metal has been breaking out recently amid higher than expected inflation in the US, and general anxiety over everything from geopolitics to the November presidential elections to where monetary...
...The red metal has charged up the mining sector since BHP’s interest in buying Anglo American became public two weeks ago....
...North American rivals such as Mark Bristow’s Barrick Gold are also likely to be weighing their options, while a bid for all or part of Anglo American from Brazil’s Vale, India’s Vedanta Resources or a Chinese...
...Anglo American, one of the few miners to build a copper mine in recent years, offers growth in the red metal, buried amid its South African iron ore and platinum assets....
...BHP has proposed a £31bn deal to buy Anglo American, one of its largest rivals, in a deal that would mark the mining sector’s biggest on record....
...Not only is it a precious metal with a history of coinage, but it is used in photovoltaic (or solar) energy....
...BHP has proposed buying rival Anglo American in a £31bn deal that provoked a backlash from the South African government and leading shareholders....
...The American sculptor and painter created it while working on one of her best-known pieces, the metal and glass New Gates of Paradise for Peggy Guggenheim’s home-turned-museum on Venice’s Grand Canal....
...The miner’s all-share £30bn offer for rival Anglo American aims to extract copper, a metal for which everyone sees rising demand and limited new supply....
...Copper is a metal vital to the transition to cleaner energy.BHP’s decision to exclude South African assets is especially sensitive for the ruling African National Congress ahead of its toughest election...
...The metal is heavily used in renewable energy projects and electric vehicles....
...The return of megadeals to the mining sector, with BHP’s £31bn all-stock approach to buy Anglo American, gives me serious flashbacks....
...“In the precious metals world, they are becoming more comfortable with the emerging markets.”...
...The mandate is to look for deals across all assets, including base and precious metals in addition to commodities in demand for electric vehicle production....
...Sebastian Kreft, founder of trading software platform Metalshub and former head of nickel sales at miner Anglo American, said separating green and dirty nickel would go against recent demands to rebuild...
...The most important variable for gold prices, historically, is real rates, the opportunity cost for holding a yield-free metal....
...“We have ongoing studies on how to mine gold in a more sustainable way, including underground mining and phytomining”, or growing plants that accumulate heavy metals in the soil....
...Congress or the Treasury department have already applied these rules to every industry of comparable risk and size, including dealers in precious metals, stones and jewels; sellers of cars, boats and planes...
...Chart of the day Huge bets by Chinese speculators on rising gold prices have helped supercharge the precious metal’s rally to an all-time high this month as Asian traders begin to eclipse their western...
...This urgency is how chipmakers like TSMC rescue precious wafers and minimise disruption to their operations....
...Gold is back: There are predictable reasons behind the precious metal’s recent surge, but there are deeper, longer-term messages in its rise too, writes Rana Foroohar....
...Some, like those at JPMorgan, argue that “diversification is the best defence,” and urge investors to “consider currencies and precious metals like the Japanese yen, the Swiss franc, and gold [and] high...
...metals, “each generation going into a new industry and conquering it”....
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