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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