Forbes: “Everyone Who Understands Copper Seems To Be Buying More Of It”
“The world just doesn’t get it. It doesn’t understand that there’s a massive copper deficit coming.” These were the comments from Glencore CEO Gary Nagle only a few months ago. He went on to add “The world will stop without the additional copper supply. But the price of copper is not expecting it.” Since then, Glencore has offered $22.5 billion for copper and coal giant Teck Resources. It’s one of several transactions recently proposed in the copper space, as everyone that makes a living in copper seems to be urgently accumulating as much of it as possible…
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