Rio Tinto's share price took a notable hit following the confirmed merger discussions with Glencore. Trading data shows a decline reaching up to 6.4%, marking the stock's worst performance since July 2022.
The announcement of active buyout negotiations triggered immediate market reaction. Investors are closely watching how this potential consolidation in the mining sector might unfold, given the scale and implications of combining two major players.
This price movement reflects market uncertainty around the deal's terms and regulatory hurdles. The level of sell-off mirrors previous periods of significant market volatility, with the current slide representing one of the most substantial single-day declines for the company in recent months.
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FlyingLeek
· 01-11 20:13
Mining giants are about to form an alliance. Rio Tinto's recent drop is quite sharp... a 6.4% plunge, no wonder everyone is rushing to sell.
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MoodFollowsPrice
· 01-10 22:54
Oh no, Rio Tinto crashed again, dropping by 6.4% this time... The issue with Glencore hasn't even been resolved yet, and it's already plunging.
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BoredStaker
· 01-09 21:54
Wow, Rio has dropped again? It seems the market still hasn't fully understood the merger.
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tokenomics_truther
· 01-08 23:46
6.4% decline... Another mining drama unfolds, can it pass the regulatory hurdle?
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GasGuzzler
· 01-08 23:45
Huh? Rio dropped 6.4% and that's it? I thought it would be cut in half... The merger thing scared retail investors.
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ChainDetective
· 01-08 23:44
Rio drops 6.4%, are the mining giants' merger about to turn sour? It seems the regulatory hurdle is quite daunting.
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NightAirdropper
· 01-08 23:43
Drop again and again? Is the merger really that scary...
How can the mining giants still be playing mahjong and still be falling like this? It feels like the market is betting that the government regulation will get stuck on this matter.
Oh my god, dropping 6.4% in one go, it feels like everyone who bought is panicking.
Can these two really become cheaper by fighting each other? Or is this just another capital show...
The worst day since 2023, the mining circle is really about to change.
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FlashLoanLarry
· 01-08 23:39
A 6.4% drop? Is this merger really going to be a failure...
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BottomMisser
· 01-08 23:23
Dropped again? The merger issue is causing widespread panic, dropping by 6.4% directly. My bottom-fishing plan is ruined again...
Rio Tinto's share price took a notable hit following the confirmed merger discussions with Glencore. Trading data shows a decline reaching up to 6.4%, marking the stock's worst performance since July 2022.
The announcement of active buyout negotiations triggered immediate market reaction. Investors are closely watching how this potential consolidation in the mining sector might unfold, given the scale and implications of combining two major players.
This price movement reflects market uncertainty around the deal's terms and regulatory hurdles. The level of sell-off mirrors previous periods of significant market volatility, with the current slide representing one of the most substantial single-day declines for the company in recent months.