Glencore rises on prospect of Rio Tinto merger to form world's biggest miner

Core Viewpoint - Glencore shares increased nearly 9% following reports of discussions with Rio Tinto regarding a potential takeover, which could result in the formation of the world's largest mining group valued at approximately $207 billion [1] Company Summary - Glencore is currently in talks with Rio Tinto for a potential acquisition [1] - The merger would create a mining group with a valuation close to $207 billion [1] Industry Summary - The potential merger between Glencore and Rio Tinto would lead to the largest mining group globally [1] - The mining sector is witnessing significant consolidation activity, as evidenced by this potential deal [1]