Cesco Week News Today

Copper's climb to $10,000 a ton, following BHP Group's bid for Anglo American Plc, spotlights a critical industry dilemma.

(Bloomberg) -- Copper’s surge to $10,000 a ton just days after the bombshell news that BHP Group is trying to buy Anglo American Plc is highlighting a core disconnect at the heart of the industry: miners just aren’t building enough mines.Most Read from BloombergMusk Leaves China With Tesla Driving Software Hurdles ClearedMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Built ‘Large’ Stake in Buffett-Favored Sumitomo, Source SaysYen Sparks Interv...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

That's quite a line

(Bloomberg) -- Codelco, the Chilean state company battling to retain the title of world’s largest copper supplier, is enduring another production setback as one of its mines continues a gradual ramp-up after a fatal accident.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on Iran‘Mag Seven’ Get Cr...

The last time the copper industry gathered in Santiago, prices were below $3/lb amid concerns over a slowdown in Chinese demand.