The global transition away from fossil fuels in favor of low carbon energy sources is accelerating.
However, at the same time that copper demand is growing due to the energy transition, the global supply pipeline is running thin, due to shrinking exploration budgets and a dramatic slowdown in the number of new deposits discovered, as well as the quality of those deposits.
That’s why—after a long period of relatively small deals—large mining mergers and acquisitions deals focused on copper are back in a big way.
This post originally appeared at Investors Alley.