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Rio Tinto and Glencore Discuss Potential Combination for Largest-Ever Deal Amid Stabilization in Chinese Property
Jan 16, 2025, 06:58 PM
Rio Tinto and Glencore are reportedly in discussions regarding a potential combination of their businesses, which could lead to the largest deal in the mining industry’s history. This merger has the potential to significantly reshape the global mining landscape, according to multiple sources familiar with the matter. The talks come amidst signs of stabilization in the Chinese property market, as noted by Rio Tinto. The discussions are seen as a continuation of Glencore's ambitions to expand its market presence, with past proposals for mergers between the two companies dating back to 2014.
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