Glencore share price drops 2.5% as copper cools and takeover filings stack up ahead of Monday

Glencore ended Friday down 2.53% at 478.60 pence, swinging between a low of 475.75 and a high of 488.45 during the session. The stock was among the larger decliners in London’s mining sector, weighed down by a drop in copper prices and weaker demand cues from China.

Commodities · LSE:GLEN.L · Stock Market
Glencore share price: GLEN.L in focus as China hurdles shadow Rio Tinto deal talk

Glencore share price: GLEN.L in focus as China hurdles shadow Rio Tinto deal talk

Glencore shares opened cautiously Friday after a Reuters report suggested any deal with Rio Tinto might hinge on selling assets to appease Chinese regulators, with copper and iron ore marketing flagged as key issues. Barrenjoey analyst Glyn Lawcock said Beijing would likely use the review to “squeeze out assets.” On Thursday, Glencore closed at 491.0 pence, up 6.8 pence, or roughly 1.4%.
16 January 2026
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Rio Tinto stock price in focus: China approval risk hangs over Glencore talks

Rio Tinto stock price in focus: China approval risk hangs over Glencore talks

Rio Tinto plc shares head into Friday’s London session with China casting a shadow over any potential deal with Glencore. Analysts warn Beijing might demand asset sales to greenlight a merger. Barrenjoey’s Glyn Lawcock suggested China could leverage the talks to “squeeze out assets,” pointing out the merged company would represent around 17% of global copper supply. Barclays, however, estimates the figure closer to 7.5%.
16 January 2026
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Warsh at Jackson Hole

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