Glencore share price jumps on Rio Tinto talks: what to know before Monday’s London open
Glencore shares jumped 9.6% to 452.65p in London after confirming merger talks with Rio Tinto, marking the stock's highest close since July 2024. Over 118 million Glencore shares traded. Rio Tinto’s market cap stands at $142 billion, Glencore’s at $65 billion. Rio must decide by Feb. 5 whether to make a formal offer, under UK takeover rules.