BHP Billiton approached Anglo American to create the world's largest copper producer.
Yesterday, mining giant BHP Billiton has offered to buy rival Anglo American (ex-its South African iron ore and platinum assets) for USD 39 bn. According to Bloomberg, if the deal proves successful, “BHP-Anglo could control 11% of the mined copper supply”. This deal highlights copper’s dominance as the primary metal in the energy transition and underscores the significant consequences of the recent disruptive events affecting global supply. Copper’s upward trajectory is accelerating.
Copper jumps to highest price since April 2022 👀
Source: Barchart
Commodities saw their largest monthly allocation increase in history
Source: BofA
It's not just a Gold thing. It's a metals thing.
Copper hitting new 52-week highs. Source: J-C Parets
Cocoa beans are the new AI. 🍫
Now up +161% YTD. Source: Trend Spider
Commodities are currently undervalued vs. equities
Source: Vontobel
China copper demand surge 📈
What is China going to do with all this copper? Source: CEO Technician
What does a $1T data center upgrade cycle mean for copper demand?
Here is how to do the math 👇 Is copper not that scarce after all? Source: Visual Capitalist thru IVANA SPEAR
