FTSE 100 Today (Jan 09, 2026): Markets Rise as Mining Mega-Merger Talks Resume
On January 9, 2026, the FTSE 100 opened higher in London after a week of mixed trading. The main UK stock index climbed as investors reacted to breaking news from the mining world. Shares rose on hopes that Glencore and Rio Tinto have restarted talks about a possible mega-merger. These talks could lead to a mining company larger than any seen before.
Glencore’s stock jumped strongly in early trading, while Rio Tinto’s share price fell slightly amid the deal buzz. Other mining stocks also moved higher, lifting the FTSE 100 overall. Traders said the shift reflects growing appetite for deals in the resource sector and hopes for higher profits if the merger goes ahead.
This news came as global markets showed strength and commodity prices stayed firm. Today’s moves mattered because big deals can change sector trends and market sentiment quickly.
Rio Tinto and Glencore: The Mega-Merger at the Heart of Today’s Rally
On January 9, 2026, the London market turned upward as news broke that Glencore and Rio Tinto resumed talks about a possible mega-merger. The two mining giants confirmed the discussions late on January 8, saying they were in early negotiations about combining some or all of their businesses into one entity. Such a deal could create the largest mining company in the world with a value near $260 billion and a major footprint in key metals.
Investors reacted quickly. Glencore shares jumped strongly on the merger buzz, as traders priced in the chance of massive consolidation in the resources sector. Meanwhile, Rio Tinto’s shares dipped in some markets as traders assessed the risks and complexity of such a large combination.
The plans are still very early stage, and no final deal terms have been agreed. Under UK takeover rules, Rio Tinto must decide whether to make a firm offer before February 5, 2026.
Mining Stocks: Winners and Losers
The news sparked clear moves in mining stocks on the FTSE 100. Glencore PLC led the gains, with its share price rising around 6-8% early on January 9. This strong performance lifted the mining sub-index.
Other mining names also rose. Antofagasta PLC climbed as traders bet consolidation could benefit copper producers. Anglo American PLC also saw gains. In contrast, Rio Tinto’s stock weakened in some markets after the merger talks were confirmed, with losses of over 6% in Australian trading.
These moves showed how the market is pricing both opportunity and risk. Glencore’s rally reflects hope for synergy and scale. Rio’s decline shows investor caution about paying too much or integrating businesses.
Rio Tinto & Glencore Merger: Commodities and Macro Backdrop
The merger talk comes at a time when commodity prices are strong, especially copper. Copper recently reached multi-year highs as demand grows for electric vehicles, renewable energy, and data-center buildouts.
Copper is critical for tech and infrastructure. A combined company with large copper assets would hold strategic value. The global backdrop also matters. A weaker British pound against the dollar helped FTSE 100 stocks that earn overseas revenue. Sterling’s pressure often supports exporters and commodity groups.
FTSE 100: Sector Rotation & Market Breadth
Beyond miners, other FTSE 100 sectors showed varied performance on Jan 9. Retail stocks, like J Sainsbury PLC, lagged after weak Christmas trading updates weighed on sentiment. Energy names also moved as global oil prices stayed firm. This helped lift parts of the index tied to energy and industrial demand.
Overall, the FTSE 100 move wasn’t just about miners. Although mining was the main driver, other sectors added depth to the rally and helped market breadth.
What does this mean for the FTSE 100 Outlook?
The potential mega-merger could reshape the resource sector if it goes ahead. A combined company could control more supply of key metals.
Analysts warn that such large deals face regulatory questions and leadership and culture challenges. Different business models and asset mixes, like coal versus copper, could complicate integration.
Investors are watching not just price moves, but deal viability. Some merger talks fail to produce offers. The FTSE’s reaction may stay volatile until certainty increases.
If the merger advances, mining heavyweights and cyclical stocks may stay in focus. If it stalls, markets may rotate back into defensive sectors or dividend-oriented stocks.
Conclusion: FTSE 100 in a Week of Gains
On Jan 9, 2026, the FTSE 100 rose as London traders reacted to renewed Rio Tinto-Glencore merger talks. The move capped a strong week and showed how deal news can quickly influence market sentiment.
Miners led early gains, while other sectors added nuance. The broader European stock rally, where major indexes also climbed, reflects strong risk appetite on global markets.
Looking ahead, investors will watch merger developments, commodity prices, and macro releases like US jobs data, all factors that could shape the FTSE’s next moves in 2026.
Frequently Asked Questions (FAQs)
The FTSE 100 rose on January 9, 2026, as mining stocks jumped. Investors reacted to news that Glencore and Rio Tinto restarted talks about a large merger. Overall market sentiment turned positive.
On Jan 9, 2026, Glencore and Rio Tinto resumed discussions about a possible mega-merger. No final deal is confirmed. The talks focus on combining some or all mining assets.
Mining stocks led gains on Jan 9, 2026. Glencore shares rose strongly, while Rio Tinto dipped slightly. Other miners, like Anglo American, also moved up, boosting the FTSE 100 overall.
Disclaimer
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
