For years, I’ve repeatedly argued that UK shares — particularly in the FTSE 100 — seem to be bargain buys. Already, 2024 has seen multiple takeover attempts by bidders seeking to buy undervalued UK businesses. And today (25 April), a blockbuster bid sent the Anglo American (LSE: AAL) share price soaring. Footsie stalwart Anglo American is a multinational mining company. It sells a wide range of commodities worldwide, including coal, copper, diamonds, iron ore, nickel, platinum group metals, and coal for steelmaking. However, environmental, social and governance (ESG) investors often shun leading miners’ shares, as they’re major polluters. Then again, demand for certain base and rare metals is set to rise as the global economy decarbonises. History has taught me that like commodity prices, mining stocks can be very volatile, with Anglo American being no exception. Indeed, owning these shares in recent years has been like riding a roller coaster. At its 52-week high, Anglo stock closed at 2,610.5p on 14 June 2023. It then crashed hard, bottoming out a low of 1,630p on 8 December before rebounding. Yesterday, the shares closed at 2,205p, up 575p (+35.3%) from December’s low. Today, an unexpected takeover bid from the world’s largest mining...