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Rio, BHP to echo strategy in copper market

Dec. 15, 2014 1:55 AM ETRio Tinto Group (RIO) StockFCX, SCCO, BHP, TECK, JJCTF, CU, COPX, RIO, CUPM, CPER, GLNCYBy: Yoel Minkoff, SA News Editor3 Comments
  • Rio Tinto (NYSE:RIO) and BHP Billiton (NYSE:BHP) 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 and BHP intend to mine millions of additional tonnes of copper, confident in the coming years that copper will be in short supply.
  • Copper producers: OTCPK:GLNCY, FCX, TCK, SCCO
  • ETFs: JJC, COPX, CU, CPER, CUPM

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