Jessica Ground, U.K. equities fund manager at Schroders, says Glencore's merger bid for Rio Tinto was a "smart move" as it would give it access to the iron ore market.
Rio Tinto rejected a merger approach from rival Glencore in August, the miner said on Tuesday. CNBC's anchors discuss what it means for the sector.
Tim Schroeders, Portfolio Manager at Pengana Capital, discusses news that Rio Tinto rejected a merger approach from smaller rival Glencore in August.
Rio Tinto rejected a merger approach from smaller rival Glencore to create a $160 billion mining and trading giant in August.
Some of Monday's midday movers.
Traders are also watching Brazil after its election surprise.
Asian equities were mixed on Monday in holiday-thinned trade following a better-than-expected U.S. jobs report last week.
Asian stocks dropped on Thursday following a weak U.S. lead and continued unrest in Hong Kong, while investors await the European Central Bank's policy meeting.
Asian stocks were mixed on the first day of the fourth-quarter as investors focused on political unrest in Hong Kong and key Chinese data.
Asian equities were mostly lower on Friday after Wall Street suffered its worst day in nearly two months.
China's steel consumption fell for the first time, leading to a surplus of iron ore and a 40 percent plunge in prices of the steelmaking raw material.
Mike Harrowell, Director, Resources Research at BBY, discusses the impact of falling iron ore prices on major miners like BHP Billiton.
Asian stocks ended mixed on Tuesday following Chinese factory data but trade was quiet with Japan shut for the Autumnal Equinox holiday.
MiMining firms have put on a brave face, but their brutal actions cannot reverse a cyclical downturn brought on by China's cooling property market.
European shares closed down on Monday, with sentiment curbed by lower commodity prices as well as an profit warning from supermarket Tesco.
The prices of a range of commodities slid further Monday, dragging down stocks as investors feared more pain ahead for the asset class.
Asian shares rose on Friday following liquidity boosting measures from China and after Scottish voters decided against independence.
Jean-Marc Lieberherr, Managing Director of Rio Tinto Diamonds, introduces the firm's extremely rare red and pink diamonds, which will be featured at its exclusive annual sale in Hong Kong.
Asian stocks were mixed on Wednesday on speculation whether the U.S. Fed will maintain its dovish policy stance and following reports of Chinese stimulus.
Asian equity markets ended mostly lower on Tuesday as investors awaited the start of a U.S. Federal Reserve meeting later in the day.