BHP Has Reasons to Want to Buy Glencore -- Market Talk

Dow Jones01-19

0335 GMT - BHP may yet seek to gatecrash takeover talks between Rio Tinto and Glencore, according to the Australian mining giant's former chief economist, Huw McKay. Aside from a hunger for copper, BHP--like rival Rio Tinto--could be interested in Glencore for its marketing muscle, McKay says in a social-media post. Physical trading businesses could be a useful hedge for miners in a new era of geopolitical rivalry, he says. "That could be encouraging the majors to be less dismissive of trading, and who better than Glencore to acquire that capability from?" Buying Glencore would also give its suitor "pure, unadulterated scale in a world dominated by passive investing and mega caps," McKay says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

January 18, 2026 22:35 ET (03:35 GMT)

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Physical trading businesses could be a useful hedge for miners in a new era of geopolitical rivalry, he says. \"That could be encouraging the majors to be less dismissive of trading, and who better than Glencore to acquire that capability from?\" Buying Glencore would also give its suitor \"pure, unadulterated scale in a world dominated by passive investing and mega caps,\" McKay says. 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Aside from a hunger for copper, BHP--like rival <a href=\"https://laohu8.com/S/RIO.AU\">Rio Tinto</a>--could be interested in Glencore for its marketing muscle, McKay says in a social-media post. Physical trading businesses could be a useful hedge for miners in a new era of geopolitical rivalry, he says. \"That could be encouraging the majors to be less dismissive of trading, and who better than Glencore to acquire that capability from?\" Buying Glencore would also give its suitor \"pure, unadulterated scale in a world dominated by passive investing and mega caps,\" McKay says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 18, 2026 22:35 ET (03:35 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2604901738","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2604901738","pubTimestamp":1768793700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0335 GMT - BHP may yet seek to gatecrash takeover talks between Rio Tinto and Glencore, according to the Australian mining giant's former chief economist, Huw McKay. 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