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Copper’s M&A mania obscures a dysfunctional marketCopper ore is seen in a cross-section of core sample in Superior, Arizona, June 14, 2017. Picture taken June 14, 2017. REUTERS/Nancy Wiechec
Copper is increasingly one of the global economy’s prized assets. The red metal’s prowess as a conductor of electricity means demand is likely to soar over the next few decades as the world shifts from fossil fuels to more renewable forms of energy. It is also the main rationale for BHP’s attempted $46 billion takeover of rival Anglo American . But there’s a striking disconnect between the attract