STORY: Glencore is considering a possible bid for Anglo American, two sources have told Reuters...
In a move that could spark a battle for the 107-year-old mining company.
Glencore has not yet approached Anglo, one of the sources said.
The source added that discussions are internal and preliminary at this stage and may not result in an approach.
A Glencore spokesperson said the firm would not comment on "market rumor and speculation".
Anglo last week rejected a $39 billion all-stock proposal from the world's top miner BHP.
A source familiar with the matter previously told Reuters the Australian mining giant is considering making an improved offer.
It has until May 22 to make a formal bid.
Anglo is attractive to its competitors for its prized copper assets in Chile and Peru, a metal used in everything from electric vehicles to construction.
Demand for copper is expected to rise as the world moves to cleaner energy and wider use of AI.
Alongside this, Anglo's sprawling portfolio also includes platinum, iron ore, steelmaking coal, diamonds and a fertilizer project.
Anglo American shares were up 3% Friday.
