This is very interesting article on the main drivers for Copper Demand and Supply picture from BHP. Security of supply will be the next driving force for the M&A activity in the sector.
There are only so many large copper projects left in the world and Los Azules copper is one of the largest. China's rate cut shows that China will keep its economy stimulus going and, as BHP mentioned it - Copper is the play on the rise of internal consumer demand of the fast growing China's middle class.
TNR Gold Los Azules Copper M&A: Barrick In Talks With Chinese Miner Zijin On Pascua-Lama Investment.
Argentina comes to the forefront of mining M&A activity with this report about Barrick's talks with another Chinese miner. Los Azules copper is located in the same province San Juan in Argentina and will benefit from any potential development at Pascua Lama. China is very active in Argentina. Trade and military cooperation agreements were signed and currency swap line is in place now. Recent change to the investment rules will allow more investment into the very lucrative shale oil sector in the country. Next year elections should be changing the investment climate for the better as well continuing this trend. Read more."
TNR Gold Receives Royalty From McEwen Mining On "One Of The Largest Undeveloped Copper Projects".
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Vast copper mine marks shift in BHP strategy
By Rhiannon Hoyle