Glencore and Rio Tinto have revived merger talks to create a $201B mining giant. (NYT)
The talks, which stalled in 2024 over valuation disputes, have resumed amid a frenzy of deal-making driven by soaring copper prices and demand from the clean energy sector.
A key shift since the last attempt? Glencore’s consolidation of its coal assets into a single Australian entity—a move potentially designed to make the deal more palatable to Rio Tinto, which exited the coal business a decade ago.