Is Rio Tinto buying out Glencore?

Written by Editorial Team | Last Updated: August 2026

Rio Tinto is not currently buying out Glencore, as the high-profile preliminary merger discussions and combination proposals between the two raw materials giants collapsed after the parties failed to reach mutually acceptable terms regarding valuation and corporate governance structures. Glencore’s board rejected the potential combination framework on the grounds that it undervalued its copper business and relative asset contributions, leading both enterprises to terminate talks and leaving Rio Tinto bound by standard regulatory standstill restrictions.

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