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Why Investors Are Going Crazy for Copper: The $43 Billion Battle

by Team Lumida
May 17, 2024
in Alt Assets, News
Reading Time: 3 mins read
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Key Takeaways

  1. U.S. and China compete fiercely for copper, vital for EVs and data centers.
  2. First Quantum Minerals’ $3 billion Zambian mines attract global interest.
  3. Copper demand spikes amid green-energy transition and AI growth.

What Happened?

The global race for copper has intensified as the U.S. and China vie for control over this critical metal. After financial troubles hit one of the world’s top copper producers, the Biden administration began discussing a potential $3 billion stake in First Quantum Minerals’ Zambian mines with various international entities.

The goal is to keep these assets away from Chinese control and ensure a stable supply of copper, essential for electric vehicles, transmission lines, and data centers. Meanwhile, BHP Group made a record $43 billion bid for Anglo American, highlighting the escalating demand for copper. Although Anglo American rejected the offer, it plans to focus more on copper by divesting other commodities.

Why It Matters?

Copper is crucial for the green-energy transition and technological advancements, making it a valuable asset. The U.S. and other countries aim to secure reliable sources of copper to reduce dependence on China, which aggressively acquires global mining assets.

This competition could influence copper prices and availability, affecting industries reliant on this metal. Investors should note that increased demand and strategic acquisitions could boost the market value of copper-related stocks and drive significant capital flows into mining companies.

What’s Next?

The bidding war for First Quantum Minerals’ assets is expected to conclude later this year, potentially reshaping the global copper supply landscape. As the U.S. government collaborates with private and international partners, watch for more strategic investments in mining projects. The International Development Finance Corp. plans to increase its financing for mining initiatives, which could further support the U.S. position in the global metals market.

For investors, this ongoing competition underscores the importance of monitoring geopolitical developments and their impact on commodity markets, particularly as demand for copper continues to rise.

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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018