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BHP's bid for Anglo American underlines the growing appetite for energy transition metals like copper from miners who must become more aggressive to secure new projects or risk missing out,...
Mining Engineering Online
MARKET MOVEMENTS: --Brent crude oil is up 0.8% to $83.66 a barrel. --European benchmark gas is up 5.3% to EUR32.12 a megawatt-hour. --Gold futures are up 0.9% to $2,328.60 a troy ounce....
The market is tipping BHP can come back with a higher offer, as it moves to acquire more copper assets. But first, Anglo American will face its own shareholders.
The offer is the second for a FTSE 100 company this year and fuelled fears over the health of the stock market amid a wave of takeover activity.