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09.01.26 - 21:33
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Rio Tinto And Glencore In Talks To Form World′s Largest Mining Company With $200 Billion Valuation (ZeroHedge)
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Rio Tinto And Glencore In Talks To Form World's Largest Mining Company With $200 Billion Valuation
Are we on the cusp of an M&A boom in metals and commodities, with prices continuing to soar? Or are deals just easier to get through under a new administration?
Regardless, Rio Tinto and Glencore have reopened merger talks that could create the world's largest mining company, with a combined valuation exceeding $200 billion — more than a year after earlier negotiations collapsed, according to Yahoo.
The companies confirmed Thursday that they are discussing various deal structures, including an all-share takeover covering part or all of Glencore's business. The market reacted swiftly: Glencore shares jumped about 10% in London, while Rio slipped more than 2%.
If completed, the transaction would eclipse any previous mining merger and create a giant capable of rivaling BHP. Copper is the central prize. With prices recently surging above $13,000 a ton amid supply disruptions and tariff fears, mi...
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09.01.26 - 20:01
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Jobs Data Disappoints | Open Interest 1/9/2026 (Bloomberg)
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Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Jobs data disappoints as markets hold their breath. Rick Rieder of Blackrock weights in on the data. The Supreme Court keeps weighing the fate of President Trump's tariffs. Koval Distillery founder Sonat Birnecker Hart joins us on how reciprocal tariffs hit her bottom line. Plus, the AI power arms race heats up — Meta locking in nuclear energy as Rio Tinto talks Glencore. (Source: Bloomberg)...
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