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BHP dropped second attempt to buy Anglo American, but the copper takeover game isn’t over

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Copper, photographed at BHP's Olympic Dam mine in South Australia, is a hot commodity that may get hotter as deposits become more difficult to find.

Mike Henry, the Canadian CEO of BHP BHPLF, the world’s biggest mining company, tried to go out with a bang. Instead, he will leave with a whimper. The art of the deal was not his forte, at least in the last year or so. And for that, Canada’s Teck Resources TECK-B-T couldn’t be happier.

Mr. Henry has been CEO of BHP since 2020 and is likely to retire some time in 2026. He will leave BHP in good shape, with leading positions in copper, steel-making coal, nickel, potash and iron ore. The one product he truly seemed to cherish was copper, the metal essential to creating the low-carbon, renewable-energy future. Copper prices have doubled since 2020 and the rally remains intact as demand outstrips supply and discoveries become scant.

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Ethan Radcliffe
Ethan Radcliffe is a senior reporter and digital editor at The Toronto Insider, specializing in Canadian federal policy, GTA urban development, and national economic trends. With over a decade of experience in North American journalism, Ethan focuses on translating complex legislative and economic developments into clear, accessible reporting for Canadian readers. Ethan’s work emphasizes policy analysis, government accountability, and data-driven reporting, with a strong focus on how federal and provincial decisions impact communities across the Greater Toronto Area and beyond. He has covered infrastructure planning, housing policy, fiscal strategy, and regulatory changes affecting Canadian households and businesses. A graduate of Toronto Metropolitan University’s School of Journalism, Ethan brings expertise in investigative reporting, long-form analysis, editorial standards, and digital publishing best practices. His reporting is guided by verifiable sources, public records, and transparent sourcing. In addition to reporting, Ethan has experience in newsroom editing, fact-checking workflows, SEO-informed journalism, and audience analytics, ensuring stories meet both editorial integrity standards and modern digital discoverability requirements. Ethan is committed to objective, fact-driven journalism and adheres to established ethical guidelines, prioritizing accuracy, clarity, and public trust in all reporting.

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