Glencore, Rio Tinto Merger Has Legs -- Market Talk
Dow Jones01-16
0731 GMT - A tie-up between miners Glencore and Rio Tinto looks increasingly likely to go ahead, RBC Capital Markets analyst Ben Davis tells investors in a note. The pair said last week that they were in talks over a deal that would create the world's largest miner, valued in the hundreds of billions of dollars. A merger that was until recently dismissed as unserious "has now found its sweet spot after a strong copper rally, heightened resource scarcity fears and an Argentina turnaround," Davis says. The deal has momentum, though it won't be straightforward, he adds. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
January 16, 2026 02:31 ET (07:31 GMT)
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