This Copper Giant Is Buying Into An Unexpected Frontier

Copper has been one of the best-performing commodities of the
last few months. With the red metal up over 15 percent since late
May, to a current $2.88 per pound. And that price action is
spurring some important project activity. Including a
little-noticed, but critical move this week from the world’s
largest copper mining company. That’s Chile state mining firm
Codelco. Which said it is preparing an entry into a new and
far-afield jurisdiction, in pursuit of new copper reserves.
Mongolia. In an interview Friday with Reuters, CEO Nelson…

Copper has been one of the best-performing commodities of the
last few months. With the red metal up over 15 percent since late
May, to a current $2.88 per pound. And that price action is
spurring some important project activity. Including a
little-noticed, but critical move this week from the world’s
largest copper mining company. That’s Chile state mining firm
Codelco. Which said it is preparing an entry into a new and
far-afield jurisdiction, in pursuit of new copper reserves.
Mongolia. In an interview Friday with Reuters, CEO Nelson…