BHP and Rio Tinto – First Iron, Now Copper?

A recent report from Reuters suggested that following moves that seemed to push out higher-cost producers in the iron ore space, Rio Tinto (NYSE:RIO) and BHP (NYSE:BHP) are looking to do the same with copper.

As quoted in the publication:

Separately and in joint ventures, Rio and BHP intend to mine millions of additional tonnes of copper, despite seeing an oversupplied market for the next few years.

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