LSE:GLENMetals and Mining
Glencore Walks From Rio Tinto Talks Keeping Copper Growth Story Independent
Glencore and Rio Tinto have ended merger talks after failing to agree on valuation, ownership, and governance terms.
The discussions focused on combining major copper and cobalt assets that are important for the energy transition.
The collapse of talks affects consolidation prospects in large scale mining and could influence Glencore's future plans.
For investors tracking Glencore (LSE:GLEN), the end of these talks comes with the shares at £5.029 and a 23.0% return year to date. Over the...