Copper Is the Prize in Mining Megadeals

07:00am, Saturday, 10'th Jan 2026
Rio Tinto-Glencore merger talks underscore the growing demand for copper, driven in part by AI.
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Dealmaking persists as creditors, buyers, and investors wrestle with debt, delays, and mega-merger ambitions.
Rio Tinto (RIO) is weighing a return to coal as merger discussions with Glencore (GLNCY) gather momentum, according to people familiar with the matter, a move t
RIO is boosting copper output as new projects ramp up and Nuton technology delivers cleaner, efficient production gains.
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Glencore and Rio Tinto say they're in "preliminary discussions" about a potential deal, which could include an all-share merger. Under the proposal, Rio Tinto, which is the larger of the two companies
Rio Tinto (RIO) has entered renewed discussions with Glencore (GLNCY) over a potential combination that could create the world's largest mining company, with a
U.S. stock futures pared earlier losses to advance on Friday after a mixed Thursday. Futures of major benchmark indices were trading higher.
The mining and minerals companies cautioned that there is no certainty that any transaction or offer will be made or agreed upon.
Glencore shares rose almost 9% on Friday following news it is in talks with Rio Tinto , about a potential takeover that would create the world's largest mining group, valued at almost $207 billion.
Rio Tinto and Glencore have confirmed they are in preliminary discussions over a potential deal that could create the world's largest mining company, with a combined market value exceeding $200 billio
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