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BHP Mega Bid and $10,000 Copper Expose Mining's Biggest Problem

(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...
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Source: yahoo.com

Copper Hits $10,000 a Ton as BHP Bid Shows Tight Supply Pipeline

(Bloomberg) -- Copper hit $10,000 a ton for the first time in two years as speculation builds that the world’s mines will struggle to meet a coming wave of demand from green industries.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesHuawei’s New Phone Runs Latest Version of Made-in-China ChipAlphabet Beats Revenue Estimates as AI Fuels Cloud GrowthPlunging Home Prices, Fleeing Compan...
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Source: yahoo.com

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