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...BHP has turned its pickaxe to the equity markets to find the metal it desires: copper....
...Potanin said in an interview with Russian media outlet Interfax that the mining major plans to replace copper smelting capacity at the Nadezhda plant in the Russian Arctic with new facilities in China from...
...That reflects Rio’s $15bn investment into the giant Oyu Tolgoi copper mine in Mongolia, where production is just starting to ramp up....
...“The copper is the real thing here — the copper is first-class,” said Frost at Artemis. “If you believe in the structural growth of copper, the offer price is too low.”...
...Europe’s largest copper producer Aurubis has dismissed three of its top management, including the chief executive, following a scandal involving a string of metal thefts....
...Copper did not specify who the joint after-party host was....
...News of the rare move earlier this month sent the benchmark copper price soaring above $9,000 per tonne....
...Simon Trott, a veteran at Rio who runs its iron ore business, and Peter Cunningham, the company’s chief financial officer, are seen as other contenders for the top job....
...The deal would elevate BHP to rank as the world’s largest copper producer, up from the third largest currently, according to RBC....
...The price of copper traded on the London Metal Exchange settled 3.1 per cent higher on Wednesday at $8,927/tonne, its highest since April last year....
...In the early days, customers would enter and stare at the rare sight of a woman standing at the counter....
...KoBold Metals said on Monday that it had found Zambia’s largest copper deposit in a century, estimating that the Mingomba site in the northern Copperbelt province will become one of the world’s top three...
...The industry’s top executives are all betting on a price surge in the years ahead. BHP was seeking to get ahead of that price boom....
...The result: quiet music (the kind that helps me think) in full colour....
...Copper is set to finish the year as the top-performing industrial metal, as a series of production disruptions squeezes the supply of a commodity used in power lines, cars and household appliances....
...“Transcend the ordinary at the Copper experience,” read an invitation for the event, which said the party was “brought to you by Copper” and allowed attendees to “explore all five senses”....
...Copper has risen nearly 10 per cent since the start of 2024 and hit a 15-month high of $9,523 per metric tonne on Tuesday....
...Last week we wrote about how the US equity market, despite endless angsty commentary to the contrary, stands out for being less top-heavy than other national indices....
...China is willing to pay top dollar to bolster the competitiveness of key industries....
...Five more top stories 1....
...The miner’s proposal is intended to boost its position as the world’s biggest copper and steelmaking coal supplier....
...In 2023, it traded an average of 5.5mn barrels of oil a day, representing about 5 per cent of the global market, and 21mn tonnes of copper, aluminium and other non-ferrous metals....
...Its 2023 annual report has a useful map to indicate where the headcount cuts can happen: Back to Berenberg: Overall, we can see the sense in the deal for the copper assets, but BHP is potentially buying...
...One clanger which made us blush was our bullishness on the red metal itself, copper. At least Lex did not “print the top” of the price this year. That came just two weeks afterwards, in late January....
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