Expected shortages boost crowd-pulling power of copper mines

March 10, 2016

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An expected global shortage of copper in years to come has thrown a spotlight on the value of mines that produce the metal, with scouts from private equity firms, trading houses and miners sniffing out potential targets. Strong interest in good quality copper assets was recently highlighted by Sumitomo Metal Mining buying another 13% stake in Freeport-McMoRan’s Morenci mine for $1 billion.

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