BHP makes a bid to buy Anglo American

Megamerger would reshape global energy metals sector.

The proposed merger between BHP Group Ltd. and Anglo American plc would create a $200 billion mining behemoth that would control 10% of the global production of copper, a metal that has experienced a 23% price spike since early February on supply concerns.

"As part of its strategy to expand its copper assets, BHP intends to acquire Anglo Americ...