Glencore stock jumps 8% on Rio Tinto merger talks as Feb 5 deadline looms
London, Jan 9, 2026, 10:17 GMT — Regular session Glencore shares jumped 8.4% to 447.7 pence on Friday after the miner said it was in preliminary discussions with Rio Tinto about a possible all-share deal — meaning shareholders would be paid in shares rather than cash. The company said Rio must, by Feb. 5, announce a firm intention to make an offer or say it will not proceed. (London South East) For Glencore investors, the talks drag the stock back into deal maths: what price Rio would put on coal cashflows, a big trading operation and copper assets the market