Reported 5 months ago
BHP's bid for Anglo American highlights the increasing interest in energy transition metals like copper among miners, as they face the need to secure new projects or risk falling behind, according to investors and mining CEOs. The bid is expected to spark more M&A activity in the sector, driven by a preference for acquisitions over new developments due to rising costs. Investors anticipate heightened competition for copper assets as prices climb, with opportunities also emerging in lithium and nickel despite market challenges.
Source: YAHOO