Rising Copper Demand Spurs Search for Alternative Climate Solutions [Financial Post (Toronto, Ontario, Canada)]
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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) — The metals industry is abuzz with a possible £31 billion ($39 billion) takeover of Anglo American Plc by Australian giant BHP Group Ltd. Anglo has rejected the offer arguing that it's a significant undervaluation. The deal, if it happens, would make BHP the world's top producer of copper — a metal that's desperately needed in greater quantities for a world that's electrifying quickly. Article content Article content Copper can make all sorts of green solutions a reality, from building out power lines and transport to clean energy and electric car manufacturing. BloombergNEF calculates that, based on the way copper's used today, reaching the world's most ambitious climate goals would require a fourfold rise in consumption. That's all but impossible to reach so efficiency, recycling and substitution will all play a role, though supply will still
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