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basserdan

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basserdan

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Monday, 12/15/2014 7:56:03 AM

Monday, December 15, 2014 7:56:03 AM

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Rio Tinto and BHP Billiton are looking to replicate their iron ore strategy in the copper business, squeezing out high-cost producers by injecting more of the red metal into an oversupplied market. Separately and in joint ventures, Rio (NYSE:RIO) and BHP (NYSE:BHP) intend to mine millions of additional tonnes of copper, confident in the coming years that copper will be in short supply.

http://www.reuters.com/article/2014/12/14/copper-miners-strategy-idUSL3N0TN17920141214?type







Dan

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