Key facts: RBC predicts Rio Tinto's scrip offer for Glencore; stock dips

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2026.01.20 01:03
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RBC Capital Markets anticipates Rio Tinto will make an all-scrip offer for Glencore, estimated at 27% above its current share price, fueled by rising copper prices and resource scarcity.1Rio Tinto's stock declined by 0.7% as iron ore futures reached two-week lows, driven by persistent weakness in China's property market, raising concerns about demand.2On January 19, 2026, State Street Global Advisors increased its Rio Tinto holdings by 1,614 shares and 554 shares, following a discretionary transfer since January 15, 2026.3