Group’s last-minute proposal to buy The surprise move and near-instant capitulation have raised questions about BHP’s strategy and its confidence in its standalone growth plans in copper, the metal viewed as increasingly critical by governments across the globe and in tight supply over the coming years. But the company has also drawn praise from some investors for its willingness to once again walk away rather than risk overpaying for a deal.This account of BHP’s latest bid for Anglo American and its rap ...

ab 21 November 2025 Global Research Mining Strategy On the Road: China trip feedback Global Basic Materials Lachlan Shaw 3 cities, 4.5 days, 29 meetings: What is the one liner? Stable with bullish read-throughs on lithium, aluminium and copper. We visited Beijing, Tangshan and Shanghai in early Nov-25 hosting 29 meetings with a range of contacts across key verticals. Conditions are overall stable. Property has weakened again (prices and volumes) since our May visit, while exports have proven more resilient ...

Core Viewpoint - BHP Group Ltd has renewed interest in acquiring Anglo American but has since confirmed it is no longer considering a merger, despite believing in the strategic merits of such a combination [2][4]. Group 1: Acquisition Interest - BHP had preliminary discussions with Anglo American's board regarding a potential takeover [2]. - The company previously made a takeover offer for Anglo American in May 2024, which was rejected [3]. - BHP maintains that a merger would have created significant value for stakeholders [4]. Group 2: Market Reaction and Share Price - The BHP share price remains largely flat despite the news of the acquisition talks [5]. - The company's share price is still closely tied to iron ore prices, which are currently at US$104 per tonne [6]. - There is ongoing uncertainty regarding the iron ore dispute with China, which could impact BHP's share performance [7]. Group 3: Strategic Focus - BHP is diversifying its focus away from iron ore and is confident in its organic growth strategy [4].

Iron ore shipments from a major Australian export terminal rose to a record high for October, as Chinese demand proved resilient despite economic headwinds https://t.co/3t4zqo5gav ...

Group 1 - The company BHP is navigating an uncertain environment with strategic discipline, emphasizing its diversified, low-cost operations and strong financials [1] - BHP's unique commodity mix includes iron ore, met coal, copper, nickel, and potash, positioning it favorably in the market [1] - The analyst has over 10 years of experience researching companies across various sectors, including commodities and technology, which enhances the quality of insights provided [1] Group 2 - The analyst has a beneficial long position in the shares of VALE, indicating a personal investment interest [2] - The article expresses the analyst's own opinions and is not influenced by compensation from any company mentioned [2]

Core Viewpoint - Citigroup maintains a Neutral rating for Rio Tinto Ltd, raising the price target, indicating a positive outlook for the company's future performance [2][6] Production and Earnings - Rio Tinto is expected to increase its copper production by about 20% over the next three years, driven by the ramp-up at the Oyu Tolgoi mine, which will also enhance the production of gold and silver by-products [3][6] - The contribution of iron ore to group earnings is projected to decrease from 81% in 2023 to 48% by 2026, reflecting the company's strategic diversification into copper and other commodities [4][6] Stock Performance - The current stock price of Rio Tinto is $70.49, showing a slight decrease of 0.20% from the previous day, with a market capitalization of approximately $114.45 billion [5]

The BHP Group Ltd (ASX: BHP) share price is down more than 1% after the Samarco English High Court decision.BHP is one of the world’s largest miners with exposure to iron ore, copper and coal. Samarco is a Brazilian mining joint venture between BHP and Brazilian miner Vale.Samarco UK court decisionBHP announced today that the English High Court has found BHP is liable under Brazilian law for the 2025 Fundao dam failure. BHP says that any assessment of damages (compensation) will be determined in future tria ...

Core Viewpoint - The article argues that Canada needs to rethink its strategy for developing critical minerals, particularly focusing on the Ring of Fire, which may not be the best investment compared to other existing mining regions in Canada. Group 1: Government Initiatives and Policies - Prime Minister Mark Carney has prioritized critical minerals alongside infrastructure development, aiming to double Canada's non-US exports over the next decade, unlocking $300 billion in new trade [5][15]. - The Ontario government is frustrated with the lengthy timelines for mining project approvals, leading to the introduction of Bill 5 to expedite mining projects and create Special Economic Zones [7][8]. - The Building Canada Act aims to streamline federal approval processes for major projects, including critical mineral developments [11]. Group 2: The Ring of Fire - The Ring of Fire has been highlighted as a potential area for critical mineral extraction, but it faces significant challenges, including lack of infrastructure and opposition from local First Nations [24][25]. - The estimated economic return from the Ring of Fire is $22 billion over 30 years, averaging $730 million per year, which is less than the current earnings from platinum group elements in Ontario [33][96]. - Critics argue that the Ring of Fire is overhyped and that other mining regions, such as the Sudbury Basin and Abitibi Greenstone Belt, offer better returns and should be prioritized for investment [17][30][96]. Group 3: Infrastructure and Investment Needs - Canada needs to build more mining infrastructure, including ports, power lines, and railways, to support the extraction and transportation of critical minerals [60][66][73]. - The Port of Churchill is identified as a key project for diversifying trade and enhancing Canada's economy, with a commitment of $180 million for improvements [63][64]. - The lack of power infrastructure in remote mining areas, such as the Ring of Fire, poses a significant barrier to development [66][70]. Group 4: Comparison with Other Mining Regions - The Sudbury Basin and Abitibi Greenstone Belt are highlighted as more productive mining regions compared to the Ring of Fire, with the Sudbury Basin generating $800 million annually from platinum group elements alone [30][96]. - The article emphasizes that Canada has several existing mining camps that could drive GDP and exports more effectively than the Ring of Fire [93][96]. Group 5: Future Directions - The article suggests that instead of focusing on the Ring of Fire, the Canadian government should identify and fund advanced mineral projects that are more likely to succeed [97][98]. - There is a call for the government to support junior mining companies, which are crucial for future mineral discoveries and developments [55][57]. - The need for a strategic approach to mining, including the establishment of smelters and refineries within Canada, is emphasized to avoid exporting raw materials for processing abroad [104][106].

A freighter carrying a crew of 29 disappeared on Lake Superior during a severe storm last night and so far no survivors have been found. The freighter, the Edund Fitzgerald, was transporting iron ore when it ran into high winds and 25- ft waves. Rebecca Bell has the story.>> In the area where the Fitzgerald went down, a sister ship joined the search, but so far all that was found was an oil slick, life jackets, and an empty lifeboat. There was no sign of the 29 men aboard. Officials say the freighter was fi ...

7 November 2025 | 12:51PM HKT Economics Research China: Trade growth slowed materially in October Bottom line: China's trade growth slowed materially in October and came in below consensus expectations (exports: -1.1% yoy, imports: +1.0% yoy). Year-over-year trade growth was likely dragged by a lower number of working days in October 2025 (18) compared with 2024 (19). Chinese nominal exports to the US, ASEAN, and LatAm rose in October, while those to EU, Japan, and other EMs declined sequentially. While pay ...