Copper Price news, page-1466

lol agree with your BHP comment. Seems some real bell ends continually manage to make poor decisions over at mining central. 10 years ago their scuttled Potash Corp takeover stands out. Seems economies of scale always help to dig them out of the mud.
Occasionally they do make a good call though,
A few weeks ago BHP Group, the world’s largest-listed miner, said that the London Metal Exchange’s nickel contract does not represent the physical market and reform is “long overdue”. Sliding volumes since a nickel trading fiasco last year, when the LME suspended the market for more than a week, have reinforced the problem on the world’s largest and oldest metals forum. A doubling of LME nickel prices to record highs above $100,000 a tonne on March 8 was triggered by the cutting of large short positions, or bets on lower prices, which led the exchange to cancel all trades for the metal that day.
It's going to be interesting how BHP manage OZL due to one of the smaller mines they own. Carajas only 10,000 tpa Cu with high running costs. I think we could expect BHP to flip that?