BHP Bid Overpriced, Anglo Restructuring
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significant copper reservesBenzinga
•Business
Business & Economics
BHP's CEO Sees No 'Must Do' Transactions, Abandons Anglo American For Now

78% Informative
BHP 's interest in Anglo American stems from the rising demand for copper, a critical metal in the energy transition and digital infrastructure.
The miner has projected that copper demand will increase sixfold by 2050 .
CEO Mike Henry has set tight criteria for further deals, clarifying that they have to create value and align with the company's long-term goals.
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