Rio Tinto Talks With Glencore Seem at Odds With New Strategy -- Market Talk

Dow Jones01-09

0104 GMT - Fresh Rio Tinto-Glencore talks on a possible tieup appear to clash with a strategy from Rio's new CEO to simplify the business, according to Macquarie analysts. "The strategy does seem inconsistent with Rio's one-month-old 'stronger, faster, simpler' thematic of the recent capital markets day," the analysts say. They note that no details have been shared yet on any possible deal. Still, "the surprise move by RIO to resume talks with GLEN could cast doubt on RIO's valuation and investment thesis even beyond the Feb. 5 'put up or shut up' deadline," they say. They put their large-cap preference under review, highlighting the potential for dilution from an all-scrip deal. They also note a control premium will likely be demanded by Glencore. Rio is down by 4.9%. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

January 08, 2026 20:04 ET (01:04 GMT)

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Still, \"the surprise move by RIO to resume talks with GLEN could cast doubt on RIO's valuation and investment thesis even beyond the Feb. 5 'put up or shut up' deadline,\" they say. They put their large-cap preference under review, highlighting the potential for dilution from an all-scrip deal. They also note a control premium will likely be demanded by Glencore. Rio is down by 4.9%. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2026 20:04 ET (01:04 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rio Tinto Talks With Glencore Seem at Odds With New Strategy -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRio Tinto Talks With Glencore Seem at Odds With New Strategy -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-09 09:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0104 GMT - Fresh <a href=\"https://laohu8.com/S/RTNTF\">Rio Tinto</a>-Glencore talks on a possible tieup appear to clash with a strategy from Rio's new CEO to simplify the business, according to <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> analysts. \"The strategy does seem inconsistent with Rio's one-month-old 'stronger, faster, simpler' thematic of the recent capital markets day,\" the analysts say. They note that no details have been shared yet on any possible deal. Still, \"the surprise move by RIO to resume talks with GLEN could cast doubt on RIO's valuation and investment thesis even beyond the Feb. 5 'put up or shut up' deadline,\" they say. They put their large-cap preference under review, highlighting the potential for dilution from an all-scrip deal. They also note a control premium will likely be demanded by Glencore. Rio is down by 4.9%. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2026 20:04 ET (01:04 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RIO.AU","symbol_name":"力拓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2602312695","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2602312695","pubTimestamp":1767920640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0104 GMT - Fresh Rio Tinto-Glencore talks on a possible tieup appear to clash with a strategy from Rio's new CEO to simplify the business, according to Macquarie analysts. \"The strategy does seem inconsistent with Rio's one-month-old 'stronger, faster, simpler' thematic of the recent capital markets day,\" the analysts say. They note that no details have been shared yet on any possible deal. Still, \"the surprise move by RIO to resume talks with GLEN could cast doubt on RIO's valuation and investment thesis even beyond the Feb. 5 'put up or shut up' deadline,\" they say. They put their large-cap preference under review, highlighting the potential for dilution from an all-scrip deal. They also note a control premium will likely be demanded by Glencore. Rio is down by 4.9%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RIO.AU":"力拓","BK7511":"ESG概念","BK7095":"多种金属与采矿","BK4588":"碎股","BK4168":"多种金属与采矿","GLNCY":"Glencore Plc","BK4585":"ETF&股票定投概念","BK7507":"资源股","RIO":"力拓"},"translate_title":"力拓与嘉能可的谈判似乎与新战略不一致——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIO":0.9,"RIO.AU":0.9,"GLNCY":0.9},"content_text":"0104 GMT - Fresh Rio Tinto-Glencore talks on a possible tieup appear to clash with a strategy from Rio's new CEO to simplify the business, according to Macquarie analysts. \"The strategy does seem inconsistent with Rio's one-month-old 'stronger, faster, simpler' thematic of the recent capital markets day,\" the analysts say. They note that no details have been shared yet on any possible deal. Still, \"the surprise move by RIO to resume talks with GLEN could cast doubt on RIO's valuation and investment thesis even beyond the Feb. 5 'put up or shut up' deadline,\" they say. They put their large-cap preference under review, highlighting the potential for dilution from an all-scrip deal. They also note a control premium will likely be demanded by Glencore. Rio is down by 4.9%. 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