Anglo American, the metals multinational, was the target of a £31 billion approach from BHP of Australia, which scrapped its own London listing in 2021.
The deal would bring Anglo's copper production in Chile and Peru under the control of the antipodean giant, already the biggest miner in the world. Demand is expected to soar, as copper drives the transition away from fossil fuels via increased electrification.
Anglo's earnings from copper alone hit $3.2 billion in 2023, almost a third of the total for the group, which is in the top quarter of the FTSE 100 by market value.
BHP is more dependent on iron ore and has been burnishing its position in the copper market by buying up producers. The Melbourne-based firm paid around £5 billion for local rival Oz Minerals a year ago.
هذه القصة مأخوذة من طبعة April 25, 2024 من Evening Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 25, 2024 من Evening Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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