Soaring demand for copper will help drive mergers, BHP CEO says
Demand for copper, a key element in the energy transition, is set to rise by 70% to 100% by 2050, Mike Henry said
Copper had a fourth decline in five sessions on speculation that China’s efforts to stimulate its economy will fail to rekindle demand growth in the world’s biggest metals consumer.
China’s central bank cut the reserve ratio amid plunging stock prices and a weakening currency. Global equities headed for a fourth monthly decline amid mounting concerns about slowing world growth. Copper has lost more than 20 percent in the past year.
