Rio Tinto and Glencore held talks about combining their businesses
- Rio Tinto and Glencore have held early-stage talks about combining their businesses, as reported by Bloomberg News.
- The potential merger could create a combined company valued at around $US158 billion, surpassing BHP's valuation, according to reports.
- Glencore produces 1 million tonnes of copper annually, while Rio Tinto produces 800,000 tonnes, indicating a significant increase in global supply if merged.
- Both companies declined to comment on the talks, and Glencore's stock rose 7.4 percent while Rio Tinto's shares fell 2.5 percent.
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Total News Sources0
Leaning Left2Leaning Right7Center3Last UpdatedBias Distribution58% Right
Bias Distribution
- 58% of the sources lean Right
L 17%
C 25%
R 58%
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