BHP shares hit 3-month high as deadline for formal Anglo bid looms
BHP has until 16:00 GMT on Wednesday to make a binding bid for Anglo American.
BHP has until 16:00 GMT on Wednesday to make a binding bid for Anglo American.
The company has had permits to build its Tia Maria project for years yet held back because of environmental opposition.
Its alumina plants have been unable to run properly due to a regional shortage of gas.
Jose Luis Manzano has been snapping up mines and lithium-rich acreage in northern Argentina as well as tapping neighboring Brazil’s lithium valley.
A deal for Asia Pacific Potash could be worth at least $400 million.
Its trade ministry unveiled a plan in March to invest 241.7 billion won over the next three years to build warehouses for storage of critical minerals.
This will result in black investors holding a 13% interest in the company and the Bafokeng business it acquired last year.
BHP faces a critical question: what would it take to draw the smaller company to the negotiating table within the next few days?
Copper vaulted toward a record in London and nickel spiked nearly 8%, capping a week of big moves in industrial and precious metals markets as bullish investors pile in and bearish bets unravel.
Ganfeng Lithium will set up a spodumene plant which will start production by the end of the year.