#glencore

qwant news | BlackRock ’sees merit’ in more large-scale mining M&A AI generated summary, Read the full article for complete information. BlackRock’s portfolio manager Olivia Markham told an Australian Financial Review conference that the firm supports further consolidation among the world’s biggest miners because larger, more liquid companies are easier for general‑ist investors to fund and can tackle the complex, capital‑intensive projects needed to meet soaring commodity demand driven by electrification, artificial intelligence, defence spending and energy‑security concerns; she noted that while Glencore and Rio Tinto’s $240 billion‑value merger talks fell apart, BlackRock still holds stakes in both firms as well as in BHP and believes bigger miners enjoy better access to capital and higher valuation multiples, making them well‑positioned to expand supply amidst a markedly under‑invested mining sector, and she added that the firm is gradually shifting exposure away from Australia toward regions with greater copper potential while keeping an eye on emerging opportunities such as uranium in the push for greater energy independence. Read more: https://www.businesstimes.com.sg/companies-markets/blackrock-sees-merit-more-large-scale-mining-m #BlackRock #OliviaMarkham #Glencore #RioTinto #BHP

qwant news | BlackRock sees merit in large scale mining M&A AI generated summary, Read the full article for complete information. BlackRock’s portfolio manager Olivia Markham said the firm supports further consolidation among large mining companies because bigger, more liquid entities attract general‑ist investors and can more readily fund and execute complex, capital‑intensive projects needed for new supply. She noted that while the sector already sees a wave of mergers and acquisitions, sensible deals that create larger, better‑capitalised miners would be beneficial, as larger firms typically trade at higher multiples and have the teams to manage large projects. BlackRock, which holds stakes in major miners including BHP, sees this trend as a way to open the sector to broader investment and facilitate the development of critical resources such as copper. Read more: https://www.businesstimes.com.sg/companies-markets/blackrock-sees-merit-large-scale-mining-m #BlackRock #OliviaMarkham #Glencore #RioTinto #BHP