Rio Tinto tells investors it has no reason to revisit Glencore talks
Rio Tinto’s chair Simon Trott has reassured Australian investors it has no reason to revisit talks with Glencore, according to sources. Analysts said the Glencore share rally lowers the likelihood of a return to talks, warning it could dilute Rio shareholders, while noting Rio’s focus on aluminium, lithium and copper. The company will follow up with Australian institutional investors after half-year results.