Copper Hits $10,000 a Ton as BHP Bid Shows Tight Supply Pipeline
- BlackRock, Trafigura see supply shortfalls unless prices gain
- Metal will be needed in vast quantities for energy transition
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Copper hit $10,000 a ton for the first time in two years as speculation builds that the world’s mines will struggle to meet a coming wave of demand from green industries.
The metal reclaimed that threshold as a historic squeeze on the supply of mined ores risks tilting the market into a major deficit and as investors turn increasingly optimistic about demand.