ASX Market Update: Rio Tinto & Glencore in merger talks | January 17, 2025

The Market Herald
17 Jan

The ASX200 has been up 0.21% at 8,345 points.

The Discretionary sector has been the best performer, up 0.8%, followed closely by Utilities, up 0.75% and Industrials, up 0.7%.

Rio Tinto Ltd (ASX:RIO) has been down 0.6% as rumours of a merger with Glencore swirl. Talks are reported to be in the embryonic stages of development.

Rio Tinto has been $118.87.

Lynas Rare Earths (ASX:LYC) has been down 3.7% after reporting a rise in sales revenues to $141.2 million and sales receipts to $145.9M during the second quarter of the 2025 fiscal year.

Lynas Rare Earths has been $6.83.

Neurizon Therapeutics (ASX:NUZ) has been down 26.5% the US Food and Drug Administration has placed a clinical hold on its investigational new drug application for NUZ-001.

Neurizon Therapeutics has been 12.5 cents.

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