0109 GMT - It is still possible for BHP to find a deal to grow its copper business, "but the window of opportunity for it to acquire true tier-one assets may slam shut if the Anglo-Teck merger happens," Jefferies analysts write in a note. They point out that BHP's copper production is expected to decline in future on falling grades. They also highlight how capital-intensive BHP's projects in Chile are likely to be, "with low projected returns." An acquisition of Anglo American, as attempted by BHP last year, would likely have triggered a significant rerating for the world's top mining stock, say the analysts. "Act now, or forever hold your peace," they say. BHP is down 0.2% at A$40.38. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

September 10, 2025 21:09 ET (01:09 GMT)

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