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Home / Metal News / Freeport-McMoRan Optimistic about Copper Demand as Mining Heats Up

Freeport-McMoRan Optimistic about Copper Demand as Mining Heats Up

Apr 10, 2023 10:15

Source:SMM

Freeport-McMoRan (FCX.US), one of the world's largest listed copper producers, said recently that commodity trading giant Glencore Plc proposed to acquire Teck Resources (TECK.US) for $23 billion, which will be part of a consolidation trend in the copper industry.

Freeport-McMoRan (FCX.US), one of the world's largest listed copper producers, said recently that commodity trading giant Glencore Plc proposed to acquire Teck Resources (TECK.US) for $23 billion, which will be part of a consolidation trend in the copper industry. The company said that as investors in copper mining companies have increasing demand for the extraction of new mineral resources, this trend will generate more mergers and acquisitions.

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