Rio Tinto, Glencore End Talks on World's Largest Mining Merger

Published: Feb 6, 2026 17:31

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[SMM Aluminum Express News] Rio Tinto and Glencore have abandoned merger talks that would have created the world's largest mining company. In a February 5, 2026 statement, Rio Tinto confirmed it is no longer considering a merger or business combination, as it "could not reach an agreement that would deliver value to its shareholders." Key sticking points included valuation, governance, ownership structure, and control Glencore echoed that the proposed terms significantly undervalued the company.

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