Anglo American slipped 0.1% to 3,238 pence at 0827 GMT, fluctuating between 3,186 and 3,255 pence during the session. The price remains near its 52-week peak of 3,340. Rio Tinto dropped 1.9%, while Glencore slid 2.5%.
Glencore shares edged up 0.5% to 481.15 pence by 0806 GMT, following a higher open and early fluctuations between 476.70 and 481.95 pence. The stock closed Friday at 478.60 pence.
Anglo American plc shares slipped 2.4% on Friday, closing at 3,240 pence after hitting a one-year peak close to 3,340 pence the previous day. Trading volume reached approximately 6.6 million shares.
Rio Tinto’s London-listed shares finished Friday down 1.87% at 6,347 pence, with trading volume above its recent average as the stock eased back from a 52-week high hit a day earlier.
BHP Group Ltd shares closed Friday down 0.8% at A$48.99, yet remained roughly 3.5% higher than the previous week, hovering near a 52-week peak ahead of a crucial company update.
Rio Tinto shares fell 1.87% to 6,347 pence on Friday, retreating from Thursday’s 52-week high of 6,468 pence. During the day, the stock fluctuated between 6,287 and 6,405 pence.
Rio Tinto plc shares were set for a lively London open on Thursday after the miner and rival BHP said they will work together on a Pilbara iron ore collaboration aimed at unlocking up to 200 million tonnes of supply. The plan links neighbouring Yandicoogina and Yandi operations and would see some BHP ore processed through Rio’s facilities.
Rio Tinto shares edged higher by 0.1% to 6,143 pence in early London trade Tuesday, as investors digested new indications that a competing bid for Glencore might not be on the horizon.
Anglo American shares edged down 0.5% to 3,236 pence in early London trading on Tuesday, after finishing the previous session at 3,252 pence. So far today, the stock has fluctuated between 3,235 and 3,252 pence.
Glencore Plc shares opened Tuesday in London following reports from Reuters that BHP plans to hold off on any move while Rio Tinto pursues its takeover talks. According to sources, BHP has no intention of bidding for the Swiss commodities giant.
Rio Tinto starts Monday under takeover speculation after confirming early talks with Glencore about a potential stock-for-stock merger. The miner indicated any deal might take the form of a court-approved “scheme of arrangement,” a typical UK takeover method, but emphasized there’s no guarantee an offer will materialize.
BHP Group Ltd shares ended Monday down 2.54% at A$46.51, slipping for most of the session as investors digested renewed chatter of major deals stirring the mining sector.
Glencore’s stock surged 9.6% on Friday, hitting its highest mark since July 2024 after the miner confirmed talks with Rio Tinto over a potential merger. The news reignited interest in the deal-driven mining sector, according to Reuters data.
Shares of Rio Tinto plc fell 3.0% to 6,006 pence on Friday, as investors mulled over a potential deal with Glencore, whose stock jumped roughly 10% that day.
Glencore’s shares surged 9.6% on Friday, closing at 452.65 pence amid growing speculation that takeover discussions with Rio Tinto might soon solidify. During the session, the stock fluctuated between 437.90 and 459.00 pence.