Copper Turned Into Precious Metal as Miners Loath to Sell
- Prospect of shortage this decade spurs interest from investors
- Owners' reluctance to sell best assets holding up acquisitions
Copper Looks to Rebound From Six-Day Price Skid
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Copper is a precious metal these days.
While top miners such as Anglo American Plc and Glencore Plc are selling anything from iron ore and coal to agricultural assets to pay down debt amid a rout in commodity prices, they’re loath to part with the best copper resources.