Copper jumps to highest price since April 2022 👀
Source: Barchart
Short squeeze in copper
Source: Bloomberg
copper jumps to highest price since April 2022 👀
Source: Barchart
India copper consumption
Source: USGS
The copper opportunity in one chart
Source: Bloomberg
Copper hits $10,000 for the first time in 2 years as speculation builds that the world’s mines will struggle to meet a coming wave of demand from green industries.
BlackRock, Trafigura see supply shortfalls unless prices gain. This week, 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. Source: Bloomberg
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
