Glencore is not only one of the giants in copper mining but is also #1 in other minerals and metals. It is also the #1 trading metals and resources firm in the world. GLNCY's unique trading arm, recycling operations, and global logistics network drive resilience and profit from volatility in metals and energy markets. Despite its breadth, GLNCY's share price appreciation lags that of peers, cre...
Analysts at JPMorgan have resumed coverage of Rio Tinto Ltd at 'Overweight' with a £75.00 price target, signaling confidence in the mining giant's strategic positioning even as merger talks with Glencore PLC collapse. The note, a day after Rio Tinto confirmed it is no longer pursuing a merger or business combination with its rival, also saw the American investment bank's UK analyst also brought...
The decision by Rio Tinto and Glencore to abandon merger talks now has analysts divided on the companies' prospects in what JPMorgan has called “the age of critical minerals.”
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) and Glencore PLC (LSE:GLEN) said on Thursday they have ended merger discussions after failing to agree on terms, marking the collapse of what could have been one of the mining sector's most high-profile deals. Rio Tinto said it is no longer considering a merger with Glencore, citing an inability to reach a deal it believes would deliver value to share...
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