Teck draws M&A attention from big miners in rush for copper
Teck is seen as a logical merger partner, in particular for Anglo American or Vale SA’s base-metals business.
In order to fill a potential supply gap of 8 million tons by 2034, mining companies need prices that are higher than $10,000 a ton and possibly as high as $12,000, says Trafigura Group chief executive officer Jeremy Weir.
Weir made his comments Tuesday during a presentation at the CRU World Copper Conference in Santiago, where the copper industry is gathering for one of the industry’s biggest annual events.
(By James Attwood)
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