BHP Group’s unsuccessful 2024 pursuit of Anglo American has inadvertently catalysed a merger wave amongst rivals, leaving the world’s largest miner potentially vulnerable as copper markets surge, said Bloomberg News. The Melbourne-based company now confronts the prospect of Rio Tinto and Glencore forming a combination that would surpass BHP as the industry’s most valuable enterprise, whilst also contending with mounting tensions over iron ore sales to China, its principal customer, the newswire said. BHP’s aborted Anglo American bid created conditions enabling two major competitor tie-ups. Anglo subsequently agreed ... (full story)