Yahoo Finance

(Bloomberg) -- Rio Tinto Group shares fell as much as 1.8% in Sydney after Bloomberg News earlier reported the world’s second-biggest miner held early-stage talks with Glencore Plc about a deal.

Most Read from Bloomberg

• These Homes Withstood the LA Fires. Architects Explain Why

• NYC Commuters Get New Way to Dodge Traffic: $95 Helicopter Rides

• Will Americans Ever Lose Their Taste for Telework?

• Chicago Agency Pitches $1.5 Billion Plan to Fix Transit Woes

• Churches, Cinemas — and Moon Artifacts — Top List of Endangered Monuments

The stock was trading 1.4% lower to A$117.95 a share at 10:08 a.m. local time, shortly after the open.

Rio and Glencore have recently held the talks, according to people familiar with the matter, who asked not to be identified discussing confidential information. It’s unclear whether the talks are still live.

Most Read from Bloomberg Businessweek

• Walgreens Replaced Fridge Doors With Smart Screens. It’s Now a $200 Million Fiasco

• The Swiss Sneaker Brand Outrunning Nike and Adidas

• How Long Can Toyota Put Off Figuring Out EVs?

• At Charles Schwab, a Fresh Start After a Close Call

• Young Americans Are Drinking Less—But Can It Last?

©2025 Bloomberg L.P.