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Hadbei minerals (NYSE: HBM) +4.2% earlier than going public on Friday after CEO Peter Kukelski instructed Reuters the corporate would think about takeover presents if the worth was proper.
Hudbay (HBM) is seen by analysts as one of many potential acquisition targets for main miners on the lookout for present copper provides for the transition to electrification.
“We’re a pleasant firm,” Kukelski instructed Reuters, and administration and the board are open to receiving a suggestion, “but when they’re undervaluing our firm, they’re losing our time.”
Kukelski mentioned there’s potential for among the mid-sized copper firms to merge to create one mega copper firm, and “I will surely prefer to merge them,” he mentioned.
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