Rio Tinto's interest in Glencore appears to hinge on the latter's influential trading division. According to market sources, the trading arm—known for its extensive commodities network and pricing power—represents a significant strategic asset beyond traditional mining operations. This move highlights how major resource companies are positioning themselves amid shifting energy demand and supply chain restructuring. For crypto miners dependent on hardware sourcing and commodity price fluctuations, such consolidation could reshape operational costs and market dynamics.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
FUD_Whisperervip
· 8h ago
As for the merger... forget it, let's see how the miners cry about it.
View OriginalReply0
JustAnotherWalletvip
· 19h ago
Rio Tinto is eyeing Glencore's trading division. The mining industry is about to change... Are our mining costs going to rise again?
View OriginalReply0
WealthCoffeevip
· 19h ago
Really, major mining companies are starting to band together. With this wave of acquisitions, miners' days are going to get even tighter... Hash rate costs are probably going to rise again.
View OriginalReply0
GasFeeTearsvip
· 19h ago
It's the same old game of big fish eating small fish again; miners' days are going to get even harder.
View OriginalReply0
ChainMaskedRidervip
· 20h ago
Now the miners are going to cry, the costs are going to rise again.
View OriginalReply0
GasOptimizervip
· 20h ago
It's the same old game of big fish eating small fish... Rio Tinto has set its sights on Glencore's trading division, essentially aiming to monopolize pricing power. Miners better think it through; hardware costs are probably going to rise.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)