qwant news | BlackRock ’sees merit’ in more large-scale mining M&A
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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
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