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0.000201836714098254 0 0.00181653042688472 0.00111010192754061 -0.00292663235442519 -0.00292663235442519 -0.00292663235442519 -0.00292663235442519
Stock impact report

How a global race to secure copper supplies sparked a £31bn mega-bid for Anglo American [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Huge quantities of copper, nickel and lithium would all be needed to power renewable energy schemes, batteries and electric cars needed for net zero , the chief executive of Australian mining giant BHP told delegates at the International Energy Agency's critical minerals summit. “This is going to be hard,” he said. Then he added: “But with that comes great opportunity.” Fast forward seven months, and at least one of the opportunities Henry had in mind is now seemingly clearer. On Thursday morning it was confirmed BHP had made a blockbuster £31bn takeover bid for Anglo-American, its London-listed rival. Observers noted that the news happened to leak out on Wednesday evening – just before the ANZAC public holiday in Australia – ensuring that investors would have at least a day to digest the news before markets reopened. So what's driving the deal? In a word: copper. And lots of it. Since Henry took over as BHP's executive in 2020, he has sought to bet big on copper as a key Show less Read more
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