As Copper Sinks, Appian Bets on Shortages in Electrification Era
- Private equity fund is eying expansions at new Brazilian mine
- London-based firm also looking into Brazil nickel investment
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A London-based private equity fund is looking to expand copper production, betting the metal will be in short supply in the coming years despite prices plunging this week.
Appian Capital Advisory’s Brazilian unit MVV is ramping up a new mine in the country’s northeastern region and is already eying an expansion, Paulo Castellari, head of operations in Brazil, said in an interview.