Mining giants Rio Tinto and Glencore reportedly discussed a merger last year. The two companies held discussions as late as October last year, but they didn’t progress further, as first reported by the Financial Times.

Failed to fetch dynamically imported module: https://finance.yahoo.com/assets/_app/immutable/nodes/2.C0R_MStN.js

Rio Tinto and Glencore held talks last year about combining part or all of their businesses, in an indication of how the push by mining companies to secure metals needed for the energy transition has focused executives on large-scale deals.