Copper Surges But Constraints Threaten $200 Billion Merger - Glencore (OTC:GLCNF), Rio Tinto (NYSE:RIO)
Benzinga·2026-01-30 19:35

While Thursday saw the broadest market selloff of 2026 so far, copper has surged. Orange metal rallied to an all-time high, touching 14,268ametrictonontheLondonMetalExchange.Yettheblisteringpriceactionmaydolittletosmooththepathforwhatcouldbetheminingindustry′sbiggest−everdeal,a14,268 a metric ton on the London Metal Exchange.Yet the blistering price action may do little to smooth the path for what could be the mining industry's biggest-ever deal, a 200 billion merger between Rio Tinto Plc (NYSE:RIO) and Glencore Plc (OTC:GLCNF) .The Rally DriversA weaker U.S. dollar, speculative momentum, and a narrative around copper's central role in the technol ...

Copper Surges But Constraints Threaten $200 Billion Merger - Glencore (OTC:GLCNF), Rio Tinto (NYSE:RIO) - Reportify