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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
What's happening now
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. But Bloomberg Opinion’s Chris Hughes writes that BHP may need to  sweeten  the £31.1 billion ($38.9 billion) offer.
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