Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
BHP Refocuses on Growth After Anglo American Deal Falls Through
After Anglo American shareholders voted against BHP Group’s $49 billion takeover bid earlier this year, BHP has shifted its focus toward new growth avenues, according to company chairman Ken MacKenzie.
Rejection of Anglo American Bid
In May, BHP, the world’s largest mining company, abandoned its attempt to acquire Anglo American after multiple rejections. Speculation had risen as the six-month restriction on another approach neared its end, suggesting the potential for a renewed bid. However, MacKenzie confirmed at BHP’s annual meeting that the company has fully moved on.
“We approached Anglo American … we saw a unique opportunity for synergy," MacKenzie explained. "But their shareholders believed more in their management’s plan, so we respected that decision.”
New Growth Focus: Copper Mining in South America
BHP’s growth strategy has shifted to promising copper ventures. The company recently announced a C$4.5 billion ($3.25 billion) joint acquisition with Lundin Mining to develop Filo Corp, a copper-focused project in South America. This investment aligns with BHP’s strategic expansion into copper assets amid rising global demand for the metal, crucial for electrification and sustainable energy.
Conclusion
BHP’s focus on high-potential copper projects highlights its commitment to strategic growth after the Anglo American bid setback. By investing in sustainable resources like copper, BHP positions itself for future success in a resource-driven global market.
