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Mining Industry 27 January 2026 - 29 January 2026

Glencore share price jumps on output update as Rio Tinto bid deadline nears

Glencore share price jumps on output update as Rio Tinto bid deadline nears

Glencore shares climbed 3.2% to 521.9 pence by 0820 GMT after the miner and commodity trader released its full-year 2025 production report. Copper output dipped 11% but remained within the company’s guidance range. Chief executive Gary Nagle said, “We expect to report FY 2025 Marketing Adjusted EBIT around the mid-point,” referring to earnings before interest and tax.
29 January 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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Sandfire Resources stock jumps 3% near fresh highs as copper jitters ahead of Fed call

Sandfire Resources stock jumps 3% near fresh highs as copper jitters ahead of Fed call

Sandfire Resources Ltd climbed 2.7% to close at A$20.25 on Wednesday, nearing the upper end of its 52-week range despite a slight drop in the broader market. The stock fluctuated between A$19.545 and A$20.35 during the session. Meanwhile, the S&P/ASX 200 slipped 0.09%, even as big miners BHP Group and Rio Tinto gained roughly 1.7% and 2.4%, respectively.
28 January 2026
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Vale S.A. stock jumps 4%, but Brazil suspends permits at two iron ore units

Vale S.A. stock jumps 4%, but Brazil suspends permits at two iron ore units

Vale S.A.’s U.S.-listed shares bounced back about 4% to $16.34 by midday Tuesday, after earlier hitting $16.53. The Brazilian miner had paused operations at its Fabrica and Viga iron ore units in Minas Gerais following water overflows that prompted Congonhas city to suspend operating permits. The stock had dropped over 2% on Monday. Vale stuck to its 2026 iron ore production guidance of 335 million to 345 million metric tons. Still, analysts at RBC Europe and Itau BBA warned the suspension could keep short-term trading choppy.
27 January 2026
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