BHP is looking for leverage to a rising copper price with this proposed acquisition of Anglo American.
Exhibit 12 - Anglo American's Sensitivity Analysis in the above Jefferies research note from 13 March 2024 gives you an inkling of that leverage.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts
[ATTACH] BHP is looking for leverage to a rising copper price...
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