BHP considering improved proposal for Anglo American after bid was rejected, source says

-BHP Group is considering making an improved proposal for Anglo American after its $39 billion initial offer was rejected by the London-listed miner, a source familiar with the matter told Reuters.

BHP is in discussion for revised proposal for Anglo American in the coming weeks, the source said. The deliberations are currently ongoing and it hasn't made a decision on the size and structure of the new proposal, the source added.Bloomberg News first reported the news about BHP's improved proposal for Anglo American.U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles.

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