0509 GMT - There are several ways Glencore shareholders might benefit if the miner pursues a merger with Rio Tinto, say Citi analysts Ephrem Ravi and Paul McTaggart. Glencore would gain exposure to iron-ore earnings, and growth from copper and lithium, they say. That would give it a much bigger pool of marketing options. If Glencore carves off coal assets to marry its metals operations with Rio Tinto's, that metals business could enjoy a rerating, say the analysts. Shareholders would retain exposure separately to the lucrative energy assets. Australian investors could also get fully franked dividends. For Rio Tinto, the main benefit of a tie-up would be diversification away from iron ore, the analysts say. The steel ingredient today accounts for most of Rio Tinto's earnings. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
June 04, 2025 01:09 ET (05:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。