Bid in the copper pipeline?

The rising copper price could put OZ Minerals on Sandfire’s takeover radar.

PORTFOLIO POINT: Instead of being the hunted, Sandfire Resources could become the hunter as it gains market ground while its major shareholder OZ Minerals loses traction.

Not all minerals are behaving as poorly as iron ore. Copper is looking as good as at any time in the past five years, with the price up, stockpiles down, and a nifty twist emerging in a local takeover tale.

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