Multinational miner BHP's bid for Anglo American may not be enough as other miners are likely to make rival bids for copper assets. Global demand for copper is expected to increase for clean energy.
Saudi Arabia's Manara Minerals is reportedly in advanced talks to acquire a minority stake in Pakistan's Reko Diq gold and copper mine project. The project, located in the commodity-rich province of Balochistan, is on track to start production by 2028.
President Biden announces new tariffs on Chinese steel and aluminum imports to protect American manufacturing jobs, while Compania de Minas Buenaventura meets production targets and Vale reports increased iron ore and copper output.