Copper Is the Prize in Mining Megadeals

Booming demand for copper is driving a spate of mining megadeals, in a rush to secure more of a metal essential to powering artificial intelligence.

Rio Tinto and

Glencore

GLEN

9.60%

increase; green up pointing triangle said late Thursday that they are in talks to create what would be the world’s largest mining company, with a market value of more than $200 billion.