Gold Telegraph
@GoldTelegraph
=======================================
Copper is so hot that a mining firm turned down a $39 billion takeover bid because it was too low
Caleigh Wells
Apr 29, 2024, Marketplace.org
A mining company called Anglo American with big copper mining operations in South America just turned down a $39 billion acquisition bid because the price wasn’t high enough.
Right now, copper is a hot commodity; its price is near a two-year high and headed higher. Copper is so hot because it’s in cars and phones and power lines. It’s also in solar panels and wind turbines, meaning it plays a major role in the renewable energy transition.
