LONDON, Jan 20 (Reuters) – Miner and commodity trader Glencore said it is open to M&A transactions that create value for its shareholders, leveraging its position as a top three global copper producer.

“As we have always said, M&A is something we are good at and we are always open to do transactions that are value-accretive for the company,” a Glencore spokesperson said.

Potential M&A deals were the chief preoccupation for investors in the sector in 2024, but BHP’s (BHP.AX), opens new tab $49 billion failed bid for Anglo American (AAL.L), opens new tab in May showed the difficulty of combining diversified producers…