BHP (BHP AT) is reportedly not planning a bid for Glencore (GLEN LN), Reuters reports citing sources; said to be waiting out Rio Tinto's (RIO LN) talks around Glencore

BHP (BHP AT) is reportedly not planning a bid for Glencore (GLEN LN), Reuters reports citing sources; said to be waiting out Rio Tinto's (RIO LN) talks around Glencore.

BHP's decision to forgo a bid for Glencore suggests a strategic wait-and-see approach, likely tied to ongoing negotiations between Rio Tinto and Glencore. This indicates that BHP may be assessing potential developments before committing capital, which could impact market sentiment and competitive dynamics in the mining sector.