Copper Close to Testing $10,000 as BHP Bid Points to Supply Risk [Financial Post (Toronto, Ontario, Canada)]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Copper made a fresh push toward five digits as BHP Group Ltd.'s blockbuster offer to buy Anglo American Plc lent support to bulls who say the metal is headed for long-term shortages and high prices. The world's biggest miner has proposed a $39 billion takeover of Anglo, chiefly targeting its smaller rival's South American copper mines. The size and timing of the bid — with copper up 16% this year — is a stark sign of how resources giants are trying to muscle in on a commodity that's crucial to green industries. Article content Article content “A lack of new mined copper resources is a major obstacle for the energy transition and mining companies are facing growing resistance to building new mines, forcing them to merge to achieve growth,” Yongcheng Zhao, principal copper analyst at Benchmark Minerals Intelligence, wrote in an emailed note. Cop
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News
- BHP Group's (ASX:BHP) investors will be pleased with their 20% return over the last three years [Yahoo! Finance]Yahoo! Finance
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- Brazil Wants Vale's Next CEO to Have Closer Ties With Government [Yahoo! Finance]Yahoo! Finance
- Brazil Wants Vale's Next CEO to Have Closer Ties With Government [BNN Bloomberg (Canada)]BNN Bloomberg
- BHP's Biggest Rivals Sit on the Sidelines of Anglo M&A Drama [Yahoo! Finance]Yahoo! Finance
BHP
Sec Filings
- 5/2/24 - Form 6-K
- 4/29/24 - Form 6-K
- 4/25/24 - Form 6-K
- BHP's page on the SEC website