BHP must shell out more if it wants to snap up assets like those of OZ Minerals - a play on the future of electrification and decarbonisation, analysts and bankers said, after the miner's unsolicited bid for the nickel and copper company was rebuffed.
BHP Group's A$8.34-billion ($5.8 billion), or A$25 per share, bid for OZ Minerals does not fully value its assets in light of the global green energy push, according to some analysts.
