Hudbay sees BHP’s bid for Anglo boosting copper assets

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American has increased the valuation of copper assets and could underscore companies’ willingness to pay a premium to buy existing copper mines.

Three-month copper prices on the London Metal Exchange CMCU3 hit a two-year high above $10,200 a metric ton on Tuesday, although have since retreated to $9,750. Kukielski said Hudbay will launch the process to bring in joint-venture partners after receiving permits.

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