Rising copper demand spurs search for alternative climate solutions

Copper foil recycled from batteries at the Redwood Materials facility in Nevada, US. (Image: Bloomberg)

Tue, 30 Apr 2024

By Akshat Rathi(Bloomberg) -- The metals industry is abuzz with a possible £31 billion (NZ$65.1b) 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. Copper can make all sorts of green solutions a reality, from building out power lines and tran...

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