Business Report: January 9, 2026
The global economic landscape today is marked by a mix of tectonic corporate realignments, cautious market sentiment, and revised growth forecasts. From massive mining mergers to shifting market caps in Silicon Valley, here is a detailed breakdown of the day’s top business developments.
1. Global M&A: Rio Tinto and Glencore Resuscitate $260 Billion Megadeal
In a move that could redefine the global commodities market, mining giants Rio Tinto and Glencore have officially resumed negotiations for a potential all-share merger. If successful, the deal would create a $260 billion titan, establishing the world’s largest mining company.
- The Catalyst: Renewed interest is primarily driven by the surging demand for copper, which hit a record high of $13,000 per ton this week. Both companies are eager to consolidate their copper and lithium portfolios to dominate the green energy supply chain.
- Strategic Shift: This marks a significant turnaround from late 2024, when talks collapsed over valuation disagreements and concerns regarding Glencore’s coal assets. Current discussions suggest a structure where Rio Tinto would acquire Glencore via a court-sanctioned scheme, focusing on a streamlined core of iron ore, aluminum, and transition metals.
2. Macro-Economics: United Nations Projects 6.6% GDP Growth for India
The United Nations’ World Economic Situation and Prospects 2026 report, released today, has pegged India’s GDP growth at 6.6% for the current fiscal year.
- Drivers of Growth: The report attributes this resilience to “robust domestic demand” and “strong public investment.” Recent monetary easing and tax reforms are expected to provide additional tailwinds.
- Global Context: While India and Indonesia remain bright spots, the UN warns of a “clouded” global outlook. High debt levels, climate shocks, and persistent trade tensions continue to stifle recovery in Europe and parts of Africa. Global inflation is projected to moderate to 3.1% in 2026, down from 3.4% last year
