GRAPH: What global copper mining’s top tier could look like
The Rio Tinto-Glencore merger appears stalled and a BHP-Anglo American tie-up is indefinitely postponed but copper mining is already top heavy.
Supplies in the U.S. copper scrap market remained tight at the start of the third quarter, as a lingering slump in industrial demolition rates made material, especially higher-grade material, harder to come by.