Following rumors Monday of a Glencore buyout of Rio Tinto plc (NYSE: RIO), other aluminum, iron and copper miners moved in sympathy.
Shares of BHP Billiton Limited (NYSE: 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 (NYSE: ACH), a large shareholder in Rio Tinto, rose 4.6 percent to $10.67.
Freeport-McMoRan Inc (NYSE: 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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!