Ann: Fortescue to farm-in on Myall & make cornerstone investment, page-110

Copper price up another 5% yesterday and today (blue box).

Hitting all-time highs.

Almost at the stage where lithium was recently, where just the mention of the metal word or any rock chips sets it on fire (not to mention those crazy lithium valuations at its peak not long ago)?

Same same, expect copper has been neglected for a long time now with lack of investment and going to struggle to keep up with demand going forward.

FMG and other Majors desperate (ie. BHP's $64B AUD offer currently getting rejected by Anglo, after also rejecting the offer before that).

Cheers,

GB.