BHP’s Failure is a Copper Buy Signal

By Tim Treadgold – Intelligent Investor

Investors can learn a lot from failure with BHP’s third unsuccessful attempt to lure Anglo American into a merger, the latest strong hint that copper is likely to be next year’s top commodity.

Already a strong performer, up 30% over the last 12 months, copper is expected to rise by another 20% as demand is supercharged by a supply squeeze, an outlook which goes a long way to explain why BHP risked corporate embarrassment from another Anglo rejection.