📊 Glencore (GLEN.L) | +11% today
The raw material producer including copper mining Glencore is up roughly 11% today following Reuters reports of renewed, early-stage merger discussions with Rio Tinto — a combination that could create the world’s largest mining company.
Key context:
• 🔋 Copper exposure remains central, supported by electrification and AI-related infrastructure demand, and
• 📈 Markets tend to reprice strategic optionality before outcomes are confirmed.
• 🤝 Preliminary merger talks (no deal confirmed)
• 📈 Copper prices are at record-highs here in January 2026
Glencore is part (3 %) of the Compound72 portfolio, and today’s move highlights how quickly value can reprice when positioning aligns with long-term structural themes.
$GLEN.L (Glencore Plc)
Consider copying @Compound72 as part of your portfolio.
www.reuters.com/world/asia-pacific/glencore-rises-prospect-rio-tinto-merger-form-worlds-biggest-miner-2026-01-09/... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
When will you reopen to new copiers?? - I’ve been copying you since July in virtual 😢😢 finally have real funds to invest and I’m blocked out of all the good copy traders due to AUC limit… ... Show More
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Wed May 20 2026 22:03:35 GMT+0000 (Coordinated Universal Time)
