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...electric cars — as he dismissed making a rival bid for Anglo American or First Quantum, another copper producer....
...rana.foroohar@ft.com Letter in response to this column: How American industrial policy can avoid corporate capture / From Benjamin H Bradlow, Assistant Professor of Sociology and International Affairs,...
...Anglo American’s boss Duncan Wanblad has said the British mining group will not “shrink itself to greatness” in the face of growing pressure to take radical action in reshaping its misfiring portfolio and...
...Smith & Nephew wants to increase pay for its US executives to bring it closer to American levels, with the chair of the FTSE 100 medical devices company calling UK pay packages “not sustainable”....
...“Anglo American? Was that a mining company?” asked 19-year-old Sinethemba Somana, turning to a friend in puzzlement....
...The case of Boeing, one of the most storied champions of American industrial policy, illustrates the uncompetitive and dangerous outcomes of the state-business relationship....
...North American rivals such as Mark Bristow’s Barrick Gold are also likely to be weighing their options, while a bid for all or part of Anglo American from Brazil’s Vale, India’s Vedanta Resources or a Chinese...
...Prices of these industrial metals have fallen sharply in the past couple of years. In its full-year results on Thursday, the miner said it would rethink its portfolio....
...The acquisition of Anglo American’s mining sites, however, makes little contribution to boosting global copper output....
...Instead, an underrated factor seems to be not American cars but American drivers....
...industrial metal could mean it misses out on a revival in the sector....
...Anglo American’s South Africa exposures, with about a fifth of its assets there, explain much of its persistent enterprise valuation discount to peers....
...It also has a coherent industrial strategy to support its goals. The US, meanwhile, is playing catch-up....
...The former chief executive of Smiths Group, who quit the FTSE 100 industrial conglomerate last month, is in line for a multimillion-dollar pay rise after moving to a US company half the size, highlighting...
...Just eight of these though are North American, where markets are already highly concentrated....
...Anglo American has rejected a revised takeover proposal from rival BHP that values it at £34bn, setting the stage for a potential hostile takeover battle between two titans of the global mining industry....
...During the pandemic, Americans desired more wheels, both stationary and mobile. Two of the standout winners of 2020 were Peloton, the pricey exercise bike company, and used auto retailer Carvana....
...Last month, Iran launched a salvo of approximately 150 of them, many shot down by American and Israeli missiles....
...“We must invest in American manufacturing, but we also have to protect those investments and those workers from unfair exports associated with China’s industrial overcapacity,” said White House national...
...The American Fuel & Petrochemical Manufacturers, an oil refinery trade group, spent millions of dollars on advertisements in 2024 election battleground states decrying an “EPA car ban”....
...BHP has proposed buying rival Anglo American in a £31bn deal that provoked a backlash from the South African government and leading shareholders....
...The miner’s all-share £30bn offer for rival Anglo American aims to extract copper, a metal for which everyone sees rising demand and limited new supply....
...The bulk of asset sales will come from the €630mn disposal of a North American signalling business....
...Tensions are running high over US accusations that China is supporting Russia’s military industrial machine in Ukraine. Read more on Blinken’s talks with the powerful Shanghai Communist party boss....
...The sharp rise in the levies comes amid mounting concern that China could flood the US market with cheap EVs, threatening the American car industry....
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