The combination of Lundin Mining (LUN.TO) and Inmet Mining (IMN.TO) will create a new Canadian copper miner with the heft to compete effectively as the global recovery gains traction. Lundin and Inmet announced plans to merge after the market close on Wednesday, creating Symterra Corp, 52.6 percent owned by Inmet shareholders and led by Inmet Chief Executive Jochen Tilk. The deal comes at a time when the price of the industrial metal is on a record run. Demand for copper, used in everything from construction to power, is especially strong in rapidly urbanizing countries like China and India.
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