Years-long copper glut can still flush out deals for Antofagasta

As metals from silver to zinc rally, copper is stuck in a glut that will probably last another two or three years, and that may flush out bargains, according to Antofagasta. Until now, the copper miner controlled by Chile’s wealthiest family hasn’t seen opportunities that are attractive enough coming to market as producers cut costs and hold on for a recovery in prices, CEO Ivan Arriagada said in an interview in Buenos Aires Wednesday.