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...“The same way we have been doing it for all these years for bulk minerals like copper and coal, we will be doing it for critical minerals.”...
...Pogust Goodhead believes this kind of transaction will be blocked by the asset attachment....
...Its demand for the Swiss group to retain its coal business, which will be bulked up after completing a $6.9bn acquisition for 77 per cent of Teck’s steelmaking coal unit later this year, casts fresh doubt...
...Here to talk to me about it is the FT’s Harry Dempsey. Hi, Harry. Harry DempseyHi. Sonja HutsonSo walk me through this announcement yesterday from BHP. What’s it looking for with Anglo American?...
...Anglo American confirmed that “an unsolicited, non-binding and highly conditional” proposal from BHP had been received and that “there can be no certainty that any offer will be made nor as to the terms...
...Harry Dempsey is a commodities correspondent for the FT, and he joins me now to talk about it. Hey, Harry. Harry DempseyHi there....
...“Anglo will need to create a compelling alternative.” Will there be counterbids?...
...”, as Wizard Dan puts it — will keep drawing fans back to the UK....
...Fund managers want to see proof that margins will march higher....
...“We will see more talk, less action on the strategic options,” concurs Davis at Liberum. Others are hopeful this time is different....
...Analysts and investors have predicted Anglo’s rejection of the offer will encourage competitors such as Glencore and Rio Tinto to table rival bids and BHP to improve its price....
...Baatar, who joined Rio in 2013 and helped the world’s second-largest mining group turn around the underground expansion of the vast Oyu Tolgoi copper mine in Mongolia, will take over from Alf Barrios in...
...Supplies of Russian origin produced before that date can still enter the LME warehouse system but will be marked under a separate category, it added....
...Baatar, who helped the mining group turn around the expansion of the vast Oyu Tolgoi copper mine in Mongolia, will take over from Alf Barrios in heading its commercial and business activities....
...Investors are starting to pay increasing attention to gold as a protection mechanism against concerns about high US debt levels, something that will be a focus in the run-up to the presidential election...
...Macquarie estimates Chinese copper demand growth will slow this year to 3.9 per cent, down from 6.7 per cent last year....
...Five of its coal mines have been shut since 2019 and it will close at least seven more by 2035....
...The LME and CME will not be able to trade any new Russian aluminium, copper or nickel....
...“Once the momentum stops there will be profit-taking.” Some believe the gold market’s rally is a symptom of investors running ahead of themselves on bets on rate cuts....
...“Anglo will need to create a compelling alternative if they’re going to defend this,” they said....
...“Our new prohibitions on key metals, in co-ordination with our partners in the United Kingdom, will continue to target the revenue Russia can earn to continue its brutal war against Ukraine,” said Janet...
...Rainbow Rare Earths argues projects such as its own will be crucial to western energy security....
...The court will have to grapple with those pleaded issues.” A High Court trial has been scheduled for October, which will deal with certain aspects of alleged liability....
...Norilsk Nickel, the metals group controlled by Russia’s richest man Vladimir Potanin, will move some copper smelting production from its home country to China, as western sanctions restrict access to key...
...But he told analysts that “we will be led by shareholders” on whether the break-up plans should be pursued....
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