0117 GMT - It would make strategic sense for Rio Tinto to bid for either Teck or Anglo American, say Jefferies analysts, as they highlight the risk of rival suitors emerging following a merger deal between Teck and Anglo this week. Rio Tinto has appeared to be less focused than some rivals on chasing copper growth, instead adding a large lithium business, the analysts say. Yet it is ramping up copper production at its Oyu Tolgoi mine in Mongolia and does want more exposure to copper, they say. "While the strategy under new CEO, Simon Trott, has not yet been unveiled, the board seems to be supportive of M&A," they say. "More copper production via tier-one assets would help." Rio Tinto is little changed in Sydney at A$114.58. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

September 10, 2025 21:17 ET (01:17 GMT)

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