Reported about 18 hours ago
Rio Tinto and Glencore are engaged in discussions about a potential business combination that could lead to the largest deal in the mining industry. While the talks are at an early stage and the outcome remains uncertain, a merger could elevate them above BHP Group, the current industry leader. Both companies are significant players in the copper market, which is increasingly vital for global decarbonization, although Rio still relies heavily on iron ore for profits amid a weakening market. The discussions bring to light Glencore's past merger attempts with Rio and the implications for their respective coal assets.
Source: YAHOO