TIISETSO MOTSOENENG: Rallying copper prices will delay Motsepe shopping trip
Flush with R3.8bn, businessman Patrice Motsepe, is under pressure to show investors that ARM can use that money to grow their investment
02 September 2020 - 18:43
A day after Patrice Motsepe, billionaire founder of diversified mining group African Rainbow Minerals (ARM), told investors his company was looking to regain exposure to copper, prices of the industrial metal hit a two-year high.
Of course, the price move had nothing to do with Motsepe’s comments but with growing bullish sentiment among global investors based broadly on two themes: China and supply disruptions...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.