BHP Bid for Anglo America at $60 Billion rejected.
BHP has been looking to bulk up in copper for a while. A year ago, the Melbourne-based company acquired Australian rival Oz Minerals to widen its access to copper and nickel.
The Oz buyout was part of BHP's strategy to "meet increasing demand for the critical minerals needed for electric vehicles, wind turbines and solar panels," company CEO Mike Henry said in a
statement at the time.
Tankard at CRU Group called copper "the ubiquitous future-facing commodity".
"Whether we're talking about EVs or data centres, or general electrification… there's a common theme, and that theme is copper."
So seems BHP disagree with Black Cat.
We need a copper deposit from JE.
Allens
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(20min delay)