---
title: "BREAKINGVIEWS-Anglo-Teck could exhume a viable Glencore-Rio deal"
description: "The article discusses the potential for a Glencore-Rio Tinto merger, valued at $54 billion, and how Glencore's ownership of key copper assets may influence the situation. Despite a significant drop in"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/256917287.md"
published_at: "2025-09-11T11:48:16.000Z"
---

# BREAKINGVIEWS-Anglo-Teck could exhume a viable Glencore-Rio deal

> The article discusses the potential for a Glencore-Rio Tinto merger, valued at $54 billion, and how Glencore's ownership of key copper assets may influence the situation. Despite a significant drop in shares for both companies since January, Glencore's strategic position could make it appealing to Rio Tinto, especially with a new CEO in place. The full analysis will be published soon.

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)

By Karen Kwok

LONDON, Sept 11 (Reuters Breakingviews) - The Swiss miner is best placed to crash the duo’s $54 bln merger. Yet given Glencore owns part of the Chilean copper at the core of that deal, it gains by doing nothing. That also hikes its appeal to Rio Tinto, which had a look last year, needs copper, and has a new CEO.

Full view will be published shortly. Follow Karen Kwok on LinkedIn and X.

### CONTEXT NEWS

Shares of Rio Tinto and Glencore have fallen 7% and 21% since January 16, the day before Bloomberg reported that Rio and Glencore had held talks about a combination. Those discussions, which took place in 2024, were as of January described as no longer active. (Editing by George Hay; Production by Shrabani Chakraborty)

### Related Stocks

- [RIO.US - Rio Tinto](https://longbridge.com/en/quote/RIO.US.md)
- [RIO.UK - Rio Tinto plc](https://longbridge.com/en/quote/RIO.UK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.