Faraday Copper and a BHP subsidiary have signed a non-binding letter of intent to explore a potential transaction whereby Faraday would acquire BHP’s San Manuel property in Arizona. In exchange, BHP would receive a 30% interest in the equity of Faraday, and commensurate shareholder and marketing rights. Additionally, BHP agreed to participate in any equity raise by Faraday, over two…
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Schneider Electric, Glencore, partner to transform copper supply chain
Schneider Electric has partnered with Glencore, one of the world’s largest globally diversified natural resource companies, to transform its copper supply chain and enhance decarbonization efforts. S&P Global estimates that demand for copper will double by 2035, driven by electrification and the clean energy transition. Balancing this demand with the transition to more sustainable practices is one of the mining…
Read More‘All-of-the-above’ strategy crucial to meet U.S. copper demand: report
The Copper Development Association has released a new report, “Copper in the US: Opportunities and Challenges”, that explores opportunities the United States has in sourcing copper, along with the need or a strategy to keep it front and center. The report was commissioned by the Copper Development Association (CDA) and conducted by S&P Global Market Intelligence. The study found that…
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