Copper Hits $10,000 a Ton as BHP Bid Shows Tight Supply Pipeline [Financial Post (Toronto, Ontario, Canada)]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (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. The metal reclaimed that threshold as a historic squeeze on the supply of mined ores risks tilting the market into a major deficit and as investors turn increasingly optimistic about demand. Article content Article content One headwind to the rally is that Chinese demand is looking alarmingly soft. The disconnect is evident in futures positioning on the London Metal Exchange, where investors have boosted bullish bets to a record while sales by commercial entities have surged. But recent supply challenges and an improving outlook for global usage are emboldening copper bulls like BlackRock Inc. and Trafigura Group, which say the metal will have to jump even higher to spur the
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BHP
Sec Filings
- 5/2/24 - Form 6-K
- 4/29/24 - Form 6-K
- 4/25/24 - Form 6-K
- BHP's page on the SEC website