Barrick Bid Suggests Copper Will be the New Gold

Base Metals Investing

Reuters reports that Barrick’s (TSE:ABX) $7.68 billion offer copper miner Equinox Minerals (TSE:EQN) explains the global demand for copper.

Reuters reports that Barrick’s (TSX:ABX) $7.68 billion offer copper miner Equinox Minerals (TSX:EQN) explains the global demand for copper.

The market news is quoted as saying:

Both copper and gold prices have hit record highs this year — copper on the London Metal Exchange touched an unprecedented $10,190 a ton in February, while spot gold rallied to a record $1,518.10 an ounce as recently as Monday.

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copper miner demand for copper london tsx:abx tsx:eqn Copper Investing

Markets
TSX	21740.20	-159.79
TSXV	576.67	-11.04
DOW	37735.11	-248.13
S&P 500	5061.82	-61.59
NASD	15885.02	-290.08
ASX	7788.10	-25.50

Markets

TSX

21740.20

-159.79

TSXV

576.67

-11.04

DOW

37735.11

-248.13

S&P 500

5061.82

-61.59

NASD

15885.02

-290.08

ASX

7788.10

-25.50

Commodities
Gold	2385.26	+3.46
Silver	28.76	-0.13
Copper	4.35	-0.03
Oil	85.88	+0.47
Heating Oil	2.67	+0.01
Natural Gas	1.69	0.00

Commodities

Gold

2385.26

+3.46

Silver

28.76

-0.13

Copper

4.35

-0.03

Oil

85.88

+0.47

Heating Oil

2.67

+0.01

Natural Gas

1.69

0.00

Barrick Bid Suggests Copper Will be the New Gold

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