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1. BHP-Anglo Merger Could Create World’s Largest Copper Miner

- The global mining sector might see a whirlwind of M&A activity over the upcoming weeks should the world’s largest miner BHP Group succeed in taking over Anglo American, its UK-based peer.

- Potentially creating the world’s largest copper mining company, BHP’s power move is conditional upon AngloAmerican first splitting off its South African platinum and iron ore units.

- AngloAmerican shareholders, with the company currently boasting a $34 billion market capitalization, rejected BHP’s first bid, claiming it significantly undervalued the miner despite the offer seeing a premium of 31% to Anglo’s current share price.

- BHP produced 1.2 million tons of copper last year, whilst the output of AngloAmerican stood at 826,000 tons, suggesting that the two combined would account for roughly 10% of global copper production.

2. Simultaneous Fracking Alleviates US Drillers’ Pain of Weakening Well Quality

- According to Enverus, the average amount of oil recovered per foot drilled in the Permian Basin declined by 15% between 2020 and 2023, bringing it back to levels last seen in the mid-2010s.

- With fewer sweet spots to be drilled and worsening underground pressure, shale oil producers have been increasingly relying on technology advances in US shale patches such as longer lateral wells and simul-fracing.

- Simultaneous fracking allows for the simultaneous…

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