Chinese regulators assess potential impact of BHP's $39bn acquisition of Anglo American on global copper supplies and bargaining power.
Chinese mining companies assess their moves after BHP's $39bn proposal to acquire Anglo American, the largest mining deal in over a decade. Chinese regulators, being the top commodity consumer, could use the deal to increase their bargaining power, safeguard domestic processing and manufacturing, and potentially force asset divestitures or delay review of the transaction. The acquisition could impact global copper supplies and concentrate pricing, with BHP controlling roughly 10% of global mined supplies.
May 02, 2024
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