David Fickling, Columnist

BHP Scrapes Bottom of the Copper Pot: Elements by David Fickling

Offer for OZ Minerals reflects the metal’s worsening supply prospects.

August 10, 2022 at 11:15 AM UTC

David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times.

Workers load batches of copper sheets in Zambia.
Photographer: Per-Anders Pettersson/Getty Images Europe

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Hi, I’m David Fickling with today’s edition of Elements, Bloomberg’s new energy and commodities newsletter. We bring you a daily mix of commentary from Bloomberg Opinion writers and the best of our market-leading news coverage. We hope you’re enjoying it, and if you haven’t yet signed up to get it direct into your inbox, you can do that here.

In considering BHP Group Ltd.'s roughly $5.8 billion potential bid for Australian copper miner OZ Minerals Ltd., it’s worth asking: Why now?