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Materials demand pushes merger talk by mining giants

Gas
January 9, 2026

The growth in decarbonisation and rising copper demand to drive electrification have brought mining giants Rio Tinto and Glencore to the table to explore a $260bn merger.

Rio Tinto confirmed it had been engaging “in preliminary discussions” about a possible combination of some or all of its businesses, which could include an all-share merger. But it added there was “no certainty” that an offer would be made.

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