Rio Tinto share price: Glencore taps Citi as Feb. 5 takeover clock ticks

Shares in Rio Tinto looked set for another volatile session in London on Tuesday after reports surfaced that Glencore is nearing a deal to appoint Citigroup as its lead adviser for merger negotiations. The deadline for a takeover is Feb. 5. On Monday, Rio Tinto closed up 0.95% at 6,802 pence.

LSE:GLEN · LSE:RIO · Mining Industry · Stock Market
Citigroup stock edges higher as Citi emerges in $200 billion Glencore-Rio Tinto talks

Citigroup stock edges higher as Citi emerges in $200 billion Glencore-Rio Tinto talks

Citigroup shares climbed around 0.8% to $116.63 Monday afternoon, after bouncing between $114.40 and $116.97 earlier. Investors digested news that Glencore is nearing a deal to appoint Citi as lead adviser in potential merger talks with Rio Tinto, aiming to create a mining giant valued over $200 billion. The UK Takeover Panel has set a “put up or shut up” deadline for these deals, requiring a firm offer or withdrawal by Feb. 5.
2 February 2026
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Rio Tinto share price slips as Glencore copper output drops and Feb. 5 bid deadline looms

Rio Tinto share price slips as Glencore copper output drops and Feb. 5 bid deadline looms

Rio Tinto’s shares slipped slightly in London Thursday as investors absorbed a disappointing copper output update from potential takeover target Glencore ahead of the Feb. 5 offer deadline. Rio dipped 2 pence, or roughly 0.03%, to 6,749 pence, still trading near its 52-week high. Glencore reported 2025 copper production fell 11% to 851,600 metric tons, hitting the bottom of its expected range.
29 January 2026
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Amazon taps Rio Tinto’s low-carbon “Nuton” copper for AWS data centers as AI buildout bites

Amazon taps Rio Tinto’s low-carbon “Nuton” copper for AWS data centers as AI buildout bites

Rio Tinto and Amazon Web Services struck a two-year deal to provide “low-carbon” copper, produced using Rio’s Nuton technology, for components in AWS data centers across the U.S., the companies announced. Amazon’s Chief Sustainability Officer Kara Hurst described the move as “a fundamentally different approach” to copper production.
20 January 2026
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