17 janvier 2025|
AI
|11 months agoGlencore and Rio Tinto's Historic Merger Talks Revealed
Swiss-based Glencore held preliminary discussions with Rio Tinto about potential industry-changing merger, highlighting Switzerland's role in global mining sector.
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Generated IllustrationKey Takeaways
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- Glencore and Rio Tinto held early-stage merger talks in 2023
- Rio Tinto has a market capitalization of $103 billion
- Glencore has a market capitalization of $55 billion
- The talks followed BHP's failed bid for Anglo American
By The Numbers
$103 billion
Rio Tinto market capitalization
$55 billion
Glencore market capitalization
They Said
"A race has broken out in the raw materials industry to see who is best positioned for the transformation of the energy industry and decarbonisation"