Reported 1 day ago
The mining sector is experiencing significant consolidation driven by the critical minerals boom, with speculation surrounding a potential merger between Rio Tinto and Glencore. Should this merger proceed, it would create a market leader worth around $150 billion, overtaking BHP. As demand for critical minerals like lithium and cobalt continues to rise, companies are increasingly interested in mergers to enhance their capabilities and market positions amidst the industry's projected growth.
Source: YAHOO