Soon?, page-17

It is coming....

China’s Zijin Mining Group Co. swooped on a huge undeveloped copper mine in Serbia, acting as a white knight to beat out an earlier hostile bid from a Canadian rival. At the same time, BHP Billiton Ltd., the biggest miner, snapped up a stake in one of the world’s biggest undeveloped assets. Glencore Plc also increased its exposure to the metal with a new offtake deal.
The world’s biggest miners have all spoken openly about their ambitions to increase exposure to the copper, even as prices slid into a bear market. They’re taking the long-term view that the increasing electrification of transport and cities will lead to growing demand, while new supplies of the metal are constrained. Bloomberg Intelligence sees the market in tight balance for the next two years and probably moving into deficit around 2020.

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