1046 GMT - A merger between Glencore and Rio Tinto wouldn't be a marriage made in heaven, investment analyst at AJ Bell Dan Coatsworth writes. The two miners would repel each other--Rio Tinto is an environmentally responsible miner while Glencore's pursuit of profit at all costs has earned it the title of 'the bad boy of mining,' Coatsworth says. Both have a keen interest in copper and exposure to iron ore but that is where the similarities end, he writes. Rio Tinto's London shares are up 1.15% at 49.88 pounds, while Glencore's are up 2.65% at 3079.86 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
January 17, 2025 05:46 ET (10:46 GMT)
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