Rio Tinto And Glencore: A Merger That Could Change The Investment Case
Source: SeekingAlpha
2026-01-11 07:00:36 ET
Since my last article on Rio Tinto ( RIO ), the stock has risen 42%. Clearly, my position was wrong, since in that article my rating was a hold, and I saw iron ore more as a challenge than a catalyst, just as I viewed Vale more favorably, since Vale's ( VALE ) valuation was substantially lower than Rio Tinto's. For the sake of curiosity, VALE stock also posted a similar total return in the meantime, which shows that I was not so wrong after all....
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Rio Tinto And Glencore: A Merger That Could Change The Investment Case
VALE S.A. American Depositary Shares Each Representing one
NASDAQ: VALE
VALE Trading
-2.77% G/L:
$14.93 Last:
12,188,996 Volume:
$15.18 Open:
