Rio Tinto Aktie News

Rio Tinto's , talks to buy Glencore and create a new global industry leader could spur consolidation efforts across the copper-hungry mining sector and heap pressure on BHP, currently the world's biggest miner, to respond.

Rio Tinto-Glencore merger talks underscore the growing demand for copper, driven in part by AI.

Rio Tinto's ambition to acquire Glencore and create the world's largest mining company worth more than $200 billion could see Wall Street advisers share more than $100 million in fees.

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 billion. The talks mark a renewed attempt at consolidation in a sector being reshaped by surging demand for copper and other critical metals.

Shares in Glencore PLC (LSE:GLEN) and Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) surged on Friday morning after both companies confirmed they are in talks over a $260 billion all-share merger that would create the world's largest mining group. The deal, if completed, would mark one of the biggest corporate tie-ups in the sector's history, bringing together two of the most influential players i...

Deal would create world's largest mining company and come almost a year after previous discussions failed