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
Miner Freeport-McMoran beat second-quarter profit estimates on Tuesday, benefiting from higher copper prices.
The company reported an adjusted profit of 46 cents per share for the quarter ended June 30, compared with analysts’ average estimate of 38 cents, according to LSEG data.
(By Tanay Dhumal)
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