Copper is in the headlines after Australian mining giant BHP made a bid for UK-based rival Anglo American , valuing the company at US$39 billion. Together, the two companies would control around 10% of the world copper market. Though Anglo American has rejected the offer as too low, the received wisdom is that it is the start of a takeover battle, and that it could also kick off a round of consolidation in the mining sector with copper at the centre. We asked commodities specialist and Professor of Economics Sambit Bhattacharyya of the University of Sussex to explain why copper is becoming so popular and what it means for the future. Forget pipes and saucepans. Einstock Why the dash for copper? The global economy is going through a transition in various ways. Emerging markets are expanding their industrial capacity quite rapidly and copper is a critical industrial metal, so that’s creating demand. Simultaneously, countries are mo
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