Exclusive-Glencore studying an approach for Anglo American, sources say
Glencore has not yet approached Anglo, one of the sources said. The discussions are internal and preliminary at this stage and may not result in an approach, the source added.BHP's proposed premium was 31% above Anglo's closing price on April 23.
U.S. shares of Anglo American rose after the news, closing up 6.5% on the session. Glencore’s U.S. shares fell 1%.assets in Chile and Peru, a metal used in everything from electric vehicles and power grids to construction, whose demand is expected to rise as the world moves to cleaner energy and wider use of AI.
At the same time, Anglo's sprawling portfolio also includes platinum, iron ore, steelmaking coal, diamonds and a fertiliser project.Before that, the miner had underperformed its peers following production downgrades and writedowns that led to a strategic review of its assets in February.
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