Rotterdam coal and iron ore terminal orders Sandvik shiploader

While Russia remained China's number-two coal supplier it was the only key producer whose shipments to China fell in 2024.

Potential M&As were the main interest for investors in the sector in 2024, but BHP’s failed bid for Anglo cooled deals down.

The news of Glencore and Rio’s discussions “has turned up the temperature on an already simmering M&A environment,” RBC Capital Markets analyst says.

A $160 billion Rio Tinto-Glencore combination makes sense in a copper-centric world, but we've been here before.