LSE:GLENMetals and Mining
Glencore Reshapes Congo Copper Cobalt Exposure As Rio Tinto Talks End
Glencore (LSE:GLEN) has ended merger talks with Rio Tinto, halting discussions over a potential large scale mining combination.
The company has agreed to sell a 40% stake in its key copper and cobalt assets in the Democratic Republic of Congo to a US backed consortium.
The moves affect ownership of major critical mineral assets and bring a new mix of partners into Glencore’s African copper and cobalt portfolio.
For investors watching LSE:GLEN at around £4.781, these decisions follow a mixed...