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Rio Tinto and Glencore Abandon Merger, $260bn Mining Tita...

Rio Tinto and Glencore Abandon Merger, $260bn Mining Tita...

Rio Tinto and Glencore abandon merger plans that once promised to forge a $260 billion mining behemoth, ending months of high-stakes negotiations amid an industrywide scramble for copper and other metals powering the artificial intelligence boom. After weeks of intense but cordial talks, the two global miners reached a stalemate over valuation and corporate control Rio Tinto and Glencore abandon merger amid $260bn mining megadeal collapse

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