Glencore is the cheapest copper business, says CEO

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Glencore is the cheapest copper business, says CEO
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Gary Nagle says the company has a huge stockpile amid shortage of critical minerals

Glencore CEO Gary Nagle said his company is the cheapest way to buy exposure to a coming copper boom as he predicted a renewed spree of deal-making in mining.

The mining industry had largely turned its back on big-ticket deals after a series of disastrous transactions at the height of the last commodity boom, but a looming shortage of metal needed for the green energy transition is likely to drive a new wave of consolidation, Nagle said in an interview last week...

 

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