Glencore Takeover Rumours (GLEN)

Copper seen as an indicator for all economic activity, but also closely drives GLEN, even when coal was their main moneymaker. I think the supply/demand says copper is going up, but why the big oscillation? technical traders? AI assisted traders? For me copper is going up medium term, and long term. As for Glen - I hope they don't bet the farm on AAL - it is new supplies we need not just taking over existing mines. There are discoveries out there that could be mined at far less cost than a grand takeover. I owned a bit of SOLG - but no more - it discovered a Tier 1 copper resource in Ecuador and is being starved to death. Even AYM in Anglesey can't get the £100m (aka peanuts) required to open a mine. It is almost like the majors want to strangle the supply to boost their revenues by raising the price, which is great for shareholders but pretty bad for electric cars, wind turbines, and other parts of the green agenda.

Glencore spooked this morning hitting share price-Https://www.capitalbrief.com/briefing/glencore-mulls-anglo-american-takeover-after-failed-bhp-bid-reuters-0ce652f4-da48-4dbf-aaa6-5072a5ed1091/#:~:text=Glencore%20mulls%20Anglo%20American%20takeover%20after%20failed%20BHP%20bid%3A%20Reuters,-Just%20now&text=The%20news%3A%20Swiss%20commodities%20group,Group%2C%20unnamed%20sources%20told%20Reuters.