The world’s largest mining company BHP has made what is said to be a $52 billion bid to take over UK-based miner Anglo American to make it the largest global producer of copper. Reports say it could trigger more mergers/acquisitions as companies compete for the metals needed for the energy transition to renewable sources. Experts say Anglo has plans to expand copper to “a million tonnes per year in the next 10 years”. The company is coming off a tough year as its share price fell 12% after prices for some of its key products plunged, and operational challenges forced Anglo to cut production targets, making it vulnerable to a takeover. But it’s not a done deal yet… Anglo’s board says it’s reviewing the proposed buyout but there’s no certainty it will happen.