Rio Tinto's bid for Glencore piles pressure on BHP
Rio Tinto's talks to buy Glencore and create a new global industry leader could spur consolidation efforts across the copper-hungry mining sector and heap pressure on BHP, currently the world's biggest miner, to respond. If the bid succeeds, and depending on any final value, it could rank among the biggest 10 M&A deals yet and it reflects an appetite for scale that bankers have said could drive mega-deals in 2026.
Rio Tinto's talks to buy Glencore and create a new global industry leader could spur consolidation efforts across the copper-hungry mining sector and heap pressure on BHP, currently the world's biggest miner, to respond. If the bid succeeds, and depending on any final value, it could rank among the biggest 10 M&A deals yet and it reflects an appetite for scale that bankers have said could drive mega-deals in 2026.
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