Glencore Rumor Of Rio Tinto Plc Buyout Puts Other Mineral Miners In Play

Following rumors Monday of a Glencore buyout of Rio Tinto plc RIO, other aluminum, iron and copper miners moved in sympathy.

Shares of BHP Billiton Limited BHP bounced off multi-year lows at the $57 level to close at $57.96; it briefly trading above $59.

Aluminum Corp. of China Limited ACH, a large shareholder in Rio Tinto, rose 4.6 percent to $10.67.

Freeport-McMoRan Inc FCX bounced off support at the $32 level to close at $32.49.

Shares of Rio were lower by 0.9 percent in the premarket following a denial of interest by Glencore.