Competitive Tension Amongst Majors " Rio Tinto, which has long said building mines is a better option for growth than buying assets, seems to be changing its tone as main rival BHP moves to consolidate the sector." (Source: mining.com, July 31st, 2024 )
Everybody's trying to consolidate so that they can become the king of copper. Yes, a mid-tier major like Newcrest can be bought out by Newmont. But Rio and BHP are too evenly matched. Jostling definitely going on. A little competition is always good. If two mice are chasing after the sane cheese, the price of cheese will eventually go up.