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Tel : 0086-0371-86172891
On April 25th, BHP, the world's largest mining company, proposed a wholly-owned acquisition of mining giant Anglo American for £ 31.1 billion (approximately $38.9 billion), which has been confirmed by two mining companies. It is reported that on April 26th, Anglo American Resources Group rejected this proposal on the grounds that BHP Billiton S22C steel seriously underestimated the value and future prospects of Anglo American Resources Group.
With the increasing demand for renewable energy and artificial intelligence industries, high conductivity metals may face serious shortages in the coming years, and copper is the main metal for energy transformation. The merger proposal by BHP Billiton will also benefit the company's business in Anglo American copper mines located in Chile and Peru.
Anglo American S22C steel Resources Group, as a mining company with a history of 107 years, holds a significant amount of copper assets. According to data, Anglo American copper production in 2023 was 826000 tons, a year-on-year increase of 24%. The company stated that its copper production is expected to remain between 730000 and 79000 tons in 2024. The successful merger of the two mining giants may result in the world's largest copper mining enterprise, which accounts for approximately 10% of the world's production.
As far as we know, after seven months of negotiations with the UK union, Tata Steel UK announced that it will shut down Port Talbot 5 blast furnace by the end of June 24 and 4 blast furnace by the end of September. The company also stated that it will place an order for electric arc furnace equipment in September 2024 and begin the construction of electric arc furnaces before August 2025 to ensure the start of an annual production of 3 million tons of electric arc furnaces in 27 years, officially implementing the business of converting blast furnaces to electric arc furnaces for steel production.
It is reported that Tata Steel's S22C steel strategic goal is to reduce carbon dioxide emissions by at least 30% by 2030 and achieve carbon neutrality by 2045. Specific long-term carbon emission goals and decarbonization roadmap have been established.
