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Copper Market Facing Shortages, Says Barrick CEO

From bnnbloomberg.ca

Saudi Arabia’s hosting its first major mining conference this week, as it tries to exploit deposits of copper, gold and and other metals it thinks are worth $1.3 trillion. The kingdom sees mining as a key part of Crown Prince Mohammed bin Salman’s Vision 2030, an attempt to diversify the economy from oil. On Wednesday, Saudi Energy Minister Abdulaziz bin Salman is scheduled to speak, as are the mining ministers of South Africa and Egypt. Mining executives including Alcoa Corp.’s Roy Harvey, Vedanta Resources Ltd.’s Anil Agarwal and Ivanhoe Mines Ltd.’s Robert Friedland are too. Trafigura Group’s Chief Executive ... (full story)

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  • Category: Fundamental Analysis