Copper Nears a Two-year High As M&A Heats Up -- Market Talk

Dow Jones04-26

1324 ET - Copper futures trading on NYMEX are up 1.1% to $4.535 a pound, the highest level since June 2, 2022 on continued tightening of fundamentals. StoneX Group has attributed the move to concerns over the availability of copper ore. The uptick comes as Australia's BHP Group unleashes its $38.8 billion bid for Anglo American, which would create the world's largest copper miner, pushing it over other leading miners Codelco and Freeport-McMoran. A BHP/Anglo combination would also be the leading producer of metallurgical coal. (kirk.maltais@wsj.com; @kirkmaltais)

(END) Dow Jones Newswires

April 25, 2024 13:24 ET (17:24 GMT)

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StoneX Group has attributed the move to concerns ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0300736492.USD","symbol_name":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2430325882","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430325882","pubTimestamp":1714065840,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1324 ET - Copper futures trading on NYMEX are up 1.1% to $4.535 a pound, the highest level since June 2, 2022 on continued tightening of fundamentals. 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