Markets
Copper hits $10k a ton as BHP takeover bid shows tight supply pipeline
The BHP Group’s mega-bid for Anglo American shows that many miners would prefer to buy rivals than trigger new projects
Copper has 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.
The metal has reclaimed that threshold as a historic squeeze on the supply of mined ores risks tilting the market into a major deficit, and investors turn increasingly optimistic about demand.
One headwind to the rally is that Chinese demand is looking alarmingly ...
