Tuesday, 26 April 2011
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Analysis: Copper will be the new gold, Barrick bid suggests
Soaring global demand for copper makes the metal an even better bet than top-performer gold and explains a surprise bid by Barrick Gold Corp, the world's No. 1 bullion producer, for copper miner Equinox Minerals. Barrick's (ABX.TO) (ABX.N) $7.68 billion offer for Equinox (EQN.TO) (EQN.AX) trumped one by Minmetals Resources (1208.HK), a unit of China's largest metals trader. Minmetals on Tuesday
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