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
The chief executive of Polish miner KGHM expects copper prices to fluctuate around $6,000 per tonne by the end of the year, he said on Wednesday.
“I do not see any reasons for a radical deterioration in price parameters. I think one should expect the copper price to oscillate around $6,000 per tonne by the end of the year,” Marcin Chludzinski told Reuters.
Benchmark copper on the London Metal Exchange was up 0.4% at $5,991 a tonne by 0954 GMT.
Chludzinski did not rule out that KGHM may in future tap foreign markets with a bond issue, but did not expect any more debt issues this year.
(By Wojciech Zurawski and Agnieszka Barteczko; Editing by Jason Neely)
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