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RIO TINTO IN TALKS TO BUY GLENCORE TO FORM WORLD'S BIGGEST MINER

  • NEWS Desk Global
  • 1 day ago
  • 1 min read

Rio Tinto is in early talks to buy Glencore, the companies said, in what could create the world's largest mining company with a combined market value of nearly $207 billion.

Global miners are racing to bulk up in metals including copper, set to benefit from the energy transition and artificial intelligence demand. That has sparked a wave of project expansions and takeover attempts, including the pending merger of Anglo American and Teck Resources to create a copper-focused industry heavyweight.

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