Glencore Rio abandon merger talks for the third time
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Rio Tinto has ended merger talks with Glencore for the third time, stating that an agreement could not be reached to benefit shareholders. Previous attempts to merge, including a rejected offer in 2014 and discussions in 2024, have also failed. This reflects a trend in the mining sector, where other significant deals, like BHP's $49 billion bid for Anglo American, have also collapsed due to concerns over deal structures, despite increasing demand for metals.
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