Antofagasta chief says there is a ‘disconnect’ between government policies and growing demand for red metal
World’s largest miner expects global demand for red metal will rise by more than 70% by 2050
US bank expects commodity to average $10,100 a tonne in 2025, sharply lower than its earlier forecast of a record $15,000
Its projects are not delivering sizeable growth and picking up assets on the cheap is proving difficult
Companies want commodities critical for clean energy such as copper that could drive deals
Lacklustre Chinese demand helps push copper down around 20% from record high, while other base metals and corn also fall
Jakob Stausholm says ‘major M&A’ could put company off course
Joint takeover of Argentine assets with Canada’s Lundin is latest sign of consolidation in mining sector
Executives see increasing signs of a shift to direct deals with cable manufacturers, car companies and other big buyers
Former Rusal executive Artem Volynets plans to roll up international assets of the vital metal
Plan includes relaxing sanctions on Israeli billionaire to counter Chinese control of critical minerals
Stocks in Shanghai warehouses reach highest level since 2020 as manufacturers rein in demand
Output at Chilean state-owned group Codelco has fallen to 25-year lows just as global demand surges
Prices for the metal are booming, but there are political risks
Hedge fund manager shifts focus to red metal after bullish oil bets backfired last year
Hedge funds and other traders close negative bets and add to bullish positions
Bulls will grow stale waiting for more hopeful data
Short sellers cover negative bets as gap between US and UK prices hits largest on record
Amid BHP approach for Anglo, prolific dealmaker says consolidation does not guarantee more production
New mines are needed to meet the world’s demand for the essential red metal
As building mines gets harder, the time needed to produce cash flows is daunting
The UK-listed miner has rejected an approach from BHP, but other bidders could emerge
Legal & General and Abrdn criticise offer as undervaluing UK-listed miner
Any deal would need South African government’s approval while cost savings are another issue
Vladimir Potanin says metals group will start production in China from 2027 due to difficulties in international payments
