BHP-Anglo takeover tango may resume in six months
Anglo may have rejected BHP's advances yet again. But, the courtship is not over. John Meyer, mining analyst and partner at SP Angel, tells IGTV’s Angeline Ong that BHP could come back again in 6-months.
BHP, he says, could also look at other suitable takeover alternatives like Antofagasta and Freeport-McMoran.
(AI Video Summary)
Discussing the collapsed BHP-Anglo acquisition attempt
In this exclusive IGTV interview hosted by Angeline Ong, mining analyst and partner at SP Angel, John Meyer, analyses the fallout from the collapsed acquisition attempt of Anglo American by BHP, which would have significantly increased BHP’s share in global copper production. Despite the deal's failure, BHP remains focused on expanding its copper assets, considering other major copper producers for potential acquisitions.
The way forward
Meyer advocates for the construction of new mines to meet growing copper demands driven by technological advancements and electrification, despite the associated risks and high costs. The discussion also touches on copper market trends, including recent price corrections and future expectations, underlining copper as a robust investment avenue amidst global economic shifts.
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