LSE:RIO.L 12 January 2026 - 23 February 2026

Rio Tinto shares closed at 6,843 pence Friday, about 5% below their 52-week high, after the miner ended merger talks with Glencore. The company will report 2025 annual results on Feb. 19. Under UK rules, Rio cannot restart merger talks for six months. Glencore is expected to sell a majority stake in Kazzinc for around $5 billion within weeks.

Rio Tinto shares fell 1.6% to 6,720 pence at Friday’s open in London after the miner ended merger talks with Glencore and issued a formal “no intention” statement under UK takeover rules. The move follows a 2.6% drop Thursday as investors shift focus to Rio’s standalone strategy ahead of February results.

Glencore shares rose 0.9% to 505.6 pence in early London trading after reports it is close to hiring Citi for possible Rio Tinto merger talks. Rio Tinto faces a UK takeover deadline to clarify its intentions by Feb. 5. Both companies declined to comment. Investors await news on a possible deadline extension and Glencore’s full-year results due Feb. 18.

Glencore closed down 1.7% at 499.25 pence Friday as merger talks with Rio Tinto faced unresolved valuation issues and a Feb. 5 UK regulatory deadline. Glencore Canada said key elements remain unresolved in negotiations over the Horne smelter’s future. The company flagged a sharp drop in 2025 copper output but expects 2026 production of 810,000–870,000 tonnes.

Glencore shares fell 1% to 495.15 pence in early London trading as copper prices dropped and HSBC downgraded the stock. The UK Takeover Panel confirmed a Feb. 5 deadline for any Rio Tinto bid, with new disclosures filed Tuesday. Glencore’s production update is due Jan. 29.

Glencore shares rose 1.7% to 490.25 pence in early London trading, outperforming a broader market decline. Rio Tinto’s stronger-than-expected iron ore and copper output fueled renewed merger speculation, with a Feb. 5 deadline looming for Rio to clarify its intentions. Glencore’s production report is due Jan. 29. Around 2.7 million Glencore shares changed hands during the session.

Rio Tinto shares rose 0.6% to 6,383 pence in early London trading Monday amid renewed speculation over a potential Glencore merger. A new UK Takeover Panel disclosure heightened market attention as investors weighed Chinese regulatory hurdles and weak iron ore prices linked to falling Chinese property and steel data.

Glencore shares rose nearly 3% to 484.2 pence Wednesday as copper prices surged and merger speculation swirled. A major Australian investor warned Rio Tinto faces “a lot of questions” over any Glencore deal. Rio has until Feb. 5 to make a formal offer or withdraw under UK takeover rules. Talks remain preliminary, with valuation and shareholder approval in focus.

Rio Tinto shares rose 0.3% to 6,231 pence after reports it hired JPMorgan, Evercore, and Macquarie to advise on a possible Glencore takeover. The potential deal could create a $200 billion mining group. Rio has until Feb. 5 to make a formal offer or withdraw, and said there’s no guarantee a bid will happen. BHP is not planning a rival bid, according to sources.