“The BHP proposal is opportunistic and fails to value Anglo American’s prospects,”
Anglo American’s shares rose 16% to 25.60 pounds on Thursday in
BHP said Thursday that the deal would boost its production of copper as demand for the metal soars amid the shift to clean energy. Copper is widely used in electric vehicles, batteries and charging stations.
The combination would also increase BHP’s holdings of potash, a widely used fertilizer, and coking coal used in steel production.
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