Glencore and Rio Tinto's Historic Merger Talks Revealed

Swiss-based Glencore held preliminary discussions with Rio Tinto about potential industry-changing merger, highlighting Switzerland's role in global mining sector.

Key Takeaways

AI

Glencore and Rio Tinto held early-stage merger talks in 2023
Rio Tinto has a market capitalization of $103 billion
Glencore has a market capitalization of $55 billion
The talks followed BHP's failed bid for Anglo American

By The Numbers

$103 billion

Rio Tinto market capitalization

$55 billion

Glencore market capitalization

They Said

"A race has broken out in the raw materials industry to see who is best positioned for the transformation of the energy industry and decarbonisation"
— SwissInfo report

1