0912 GMT - Diversified miners are focused on simplifying their portfolio's but remain committed to the multicommodity model, Berenberg analysts Richard Hatch and Jasper Mainwaring write. The miners want more copper assets but are likely to maintain exposure to cash-generating commodities like iron ore and coal, they write. This cash can be used to buy copper assets. Rio Tinto, which held talks with Glencore on a possible merger, said it had planned to retain its diversified portfolio if the deal had gone ahead--this isn't something the analysts expected. They believed the Rio-Glencore combined business would want to divest a large portion of non-copper assets, they say. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

February 24, 2026 04:12 ET (09:12 GMT)

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