Glencore CEO Says Miner Is Cheap as Industry Gears Up for Deals

Glencore Plc boss <-bsp-person state="{"_id":"00000187-2833-d7a3-a9e7-fa3758020001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Gary Nagle said his company is the cheapest way to buy exposure to a coming copper boom as he predicted a renewed spree of dealmaking in the mining industry.

The mining industry had largely turned its back on big-ticket deals after a series of disastrous transactions at the height of the last commodity boom, but a looming shortage of metal needed for the green-energy transition is likely to drive a new wave of consolidation, Nagle said in an interview last week.

Larger rivals BHP Group and Rio Tinto Group have already made billion-dollar moves to grow in ...