Are More Talks Between Rio Tinto, Glencore on Horizon? -- Market Talk
Dow Jones
Feb 19
0054 GMT - Macquarie wonders whether Rio Tinto will reengage in talks with Glencore following the current standstill. That is "the key question," the bank says in a note. The bank resumes coverage of Rio Tinto after the recent failure of deal talks between the pair. It has a neutral rating and A$156/share target on the stock. "In the interim, we think Rio will pursue its simplification strategy, taking costs out whilst also keeping a close eye on relative value" with Glencore, Macquarie says. It says it prefers BHP over Rio Tinto, citing asset quality, growth options and an emerging valuation gap. Rio Tinto is up 1.9% at A$168.33. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
February 18, 2026 19:54 ET (00:54 GMT)
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