Glencore stock jumps on Rio Tinto deal talks — what GLEN.L investors watch next
London, Jan 10, 2026, 07:50 GMT — Market closed Glencore (GLEN.L) shares closed up 9.6% on Friday at 452.65 pence after Rio Tinto confirmed preliminary discussions about a possible combination that could include an all-share merger. The stock traded in a 437.9–459.0 pence range and is now sitting near the top end of its recent band as London markets remain shut for the weekend. (Investing.com) The revived talks matter because they point to another big swing at consolidation among miners chasing copper and other industrial metals, while trying not to spook shareholders on coal. A combined Rio-Glencore would be valued