Why did Glencore stock jump today?

Glencore stock rose on news that Rio Tinto restarted talks on a potential US$260 billion merger. Investors expect stronger copper exposure and possible synergies if a deal takes shape. The move also reflects hopes for a sector re-rating, though details remain limited and headlines can quickly shift sentiment.

What is the Feb. 5 deadline in the Rio Tinto merger talks?

February 5, 2026 is the UK Takeover Panel deadline for a firm intention to bid or to step back. Parties can seek extensions, but approval is not certain. The date is a key catalyst, so updates near that time may drive larger price moves in Glencore stock and peer miners.

How could the deal affect copper prices and Canadian miners?

A larger miner could change supply plans and capital spending, which might support copper prices if guidance is tight. That could help TSX-listed copper producers. Glencore stock headlines often ripple into peer valuations, affecting Canadian miners and resource ETFs through sentiment and flow, even before any deal closes.

Is Glencore stock a buy for Canadian investors now?

It depends on risk tolerance. Event risk is high with a near-term deadline and possible twists on coal and competition review. Consider staged entries, diversify with Canadian copper names, and size positions modestly. Wait for clearer terms if you prefer less risk. Always align exposure with your time horizon.

Global Market Insights

GLEN.L Stock Today: January 9 – Shares Soar on Rio Tinto Merger Talks

ByHuzaifa Zahoor January 9, 2026January 9, 2026

Glencore stock jumped today as Rio Tinto revived talks on a potential US$260 billion tie-up that would create the world’s largest miner and boost copper exposure. Shares of GLEN.L rose sharply on hopes the deal could reset valuations across the sector. Investors are watching a February 5 UK Takeover Panel deadline and any plan for Glencore’s coal assets. For Canada, the story matters for copper prices, TSX miners, and portfolio positioning. All dollar figures are in US$ unless noted.