For Bristow, BHP’s approach to Anglo reinforces the necessity for industry investment in its future.
“You can consolidate, but it doesn’t bolster the production profile. Consolidation often leads to production reduction,” Bristow said.
Copper demand is projected to surge in the coming decades.
According to BloombergNEF, the transport sector alone is expected to increase demand by 11.1 times by 2050 from 2022. Additionally, demand to expand the global electricity grid is forecasted to rise by 4.8 times by 2050 from 2022.
By 2030, the world’s copper supply gap is forecast to approach 10 million metric tons.
BHP has until May 22 to decide on making a formal offer for Anglo. BHP’s initial proposal would require Anglo to sell its majority stakes in its South African platinum and iron ore businesses to its shareholders for the deal to proceed.
“BHP is the ultimate 800-pound gorilla. It’s a complex transaction,”…
