Big Mining pivots to copper for growth

From woodmac.com

Metals and mining companies are starting to shake off the sector’s long-held dedication to capital discipline. In stark contrast to Big Oil corporates which are cutting budgets, Big Mining are upping investment with the goal of growing mine supply. James Whiteside, Head of Metals and Mining Research, analysed the future capital allocation strategies of thirteen of the biggest Diversified Miners and copper producers. I asked him what’s behind the change in tack. How much more are miners spending? The thirteen companies have flagged an increase in 2025 averaging almost 10%. This will lift spend for the peer group ... (full story)