Glencore and Rio Tinto have resumed negotiations on a potential merger, which will create the world's largest mining company. Rio Tinto and Glencore are still discussing the deal until this week, according to people familiar with the matter. A full merger between Rio Tinto and Glencore is one of the options discussed, but the specific framework of the potential deal is still uncertain. Relevant negotiations resumed at the end of last year and are still in the preliminary stages. Relevant negotiations may still break down, and the two sides may choose not to advance the deal. Glencore's US stock is close to an intraday high. After confirming preliminary merger negotiations with Rio Tinto, trading volume surged. The latest increase was 4.9% to $11.86.

Zhitongcaijing · 4d ago
Glencore and Rio Tinto have resumed negotiations on a potential merger, which will create the world's largest mining company. Rio Tinto and Glencore are still discussing the deal until this week, according to people familiar with the matter. A full merger between Rio Tinto and Glencore is one of the options discussed, but the specific framework of the potential deal is still uncertain. Relevant negotiations resumed at the end of last year and are still in the preliminary stages. Relevant negotiations may still break down, and the two sides may choose not to advance the deal. Glencore's US stock is close to an intraday high. After confirming preliminary merger negotiations with Rio Tinto, trading volume surged. The latest increase was 4.9% to $11.86.