BHP Swoops for Anglo

Good morning, it’s Amy in Melbourne with the Friday edition of your Bloomberg newsletter.

Today’s must-reads:
• Why BHP is moving in on Anglo American
• Lithium lures billions in Western Australia
• Aukus export standards raise risk of delays

BHP’s takeover bid for miner Anglo American is shaping up to be a blockbuster and would spark a major industry shake up. Anglo’s reputation is in tatters and BHP’s proposal to break it up and cherry pick the best assets marks a humbling moment. Bloomberg Opinion’s Chris Hughes writes that BHP may beed to sweeten the £31.1 billion ($38.9 billion) offer.