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High Copper Prices Make Canadian Copper Juniors Attractive Targets
Feb. 23, 2011 12:30PM PST
Base Metals Investing Mineweb.com reports that analysts say that a number of Canadian junior copper miners have the potential to become attractive acquisition targets as big producers shop for assets that will help boost production immediately.
Mineweb.com reports that analysts say that a number of Canadian junior copper miners have the potential to become attractive acquisition targets as big producers shop for assets that will help boost production immediately.
The report is quoted as saying:
The drive to acquire is especially urgent because the output at some of the world’s top producers is falling. Rio Tinto (RIO.L: Quote) sees copper demand doubling in the next 15 to 20 years but the Anglo-Australian mining giant experienced a 16 percent drop in mined production last year.
