- Reuters
BHP-Anglo American deal raises alarm in Japan's steel industry
MELBOURNE/TOKYO (Reuters) -Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American. Australia is the world's biggest exporter of coking coal and top supplier to Japan, making up around 60% of its imports, with most of the steel-making ingredient coming from the state of Queensland, where BHP and Anglo American are the two largest producers.
- Bloomberg
South African Unions Urge Anglo Holders To Reject BHP Bid
(Bloomberg) -- South Africa’s biggest labor union federation urged local shareholders, including the powerful Public Investment Corp., to oppose BHP Group Ltd.’s bid to buy Anglo American Plc. Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortHigh-Tech Trading Firms Race to Grab Bond Market TurfRussians Are Coming to Terms With Putin’s War in UkraineApple Revamps iPads With AI-Focused Pro Model, Bigger AirThe Congress of South African Trade Unions, which includes t
- Bloomberg
Five Key Charts to Watch in Global Commodity Markets This Week
(Bloomberg) -- BHP Group Ltd. is pulling out the stops to gain support for a proposed tie-up with rival Anglo American Plc, but calculating the true value of the megadeal can be a bit tricky. US natural gas prices have snapped a losing streak. And wheat traders will be watching for the latest US Department of Agriculture estimates on crops, with the grain being of particular interest as North America’s growing season begins.Most Read from BloombergIsrael Rejects a Cease-Fire Plan for Gaza Embrac
