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Rio Tinto-Glencore Deal Wins Over Chinalco
ByAinvest
Monday, Jan 19, 2026 5:26 pm ET1min read
RIO--
BHP's iron ore production rose 5% YoY in Q2, reaffirming annual guidance. However, the company increased the cost of its Jansen potash project to $8.4 billion. Rio Tinto and Glencore's potential merger has gained support from China's Chinalco, Rio's largest shareholder. Iron ore prices fell for a fifth day due to concerns over oversupply.
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