Copper prices spark renewed £190bn Rio Tinto-Glencore merger talks

Mining giants Rio Tinto and Glencore have resumed negotiations regarding a potential £190 billion deal that would establish the world’s largest mining company. On Friday, the two firms confirmed preliminary discussions concerning a combination of businesses, expected to be structured as an acquisition of Glencore via a court-sanctioned scheme of arrangement. This follows a previous attempt in late 2024, which …

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Gold Tops Treasuries as World’s Biggest Foreign Reserve Asset

Gold now ranks as the world’s top reserve asset. According to World Gold Council data, global gold reserves are approaching $4 trillion. Treasury holdings total approximately $3.9 trillion. The last time central bank gold reserves topped Treasury holdings was in 1996. The increase in gold reserves is a function of both rising gold prices and steady, strong central bank gold buying. Gold was …

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