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Glencore Expands Coal Empire with Teck Resources Acquisition

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Glencore,Teck Resources,Coal

Swiss commodities giant Glencore can build up its coal empire, adding the steelmaking coal assets to its vast thermal coal trade. But the deal also reveals how coal has its own set of rules. Despite how profitable and strategic Teck’s coal resources are, they will soon come under foreign control.

Swiss commodities giant Glencore has acquired the steelmaking coal assets of Teck Resources, expanding its coal empire. This deal highlights the unique rules and profitability of the coal industry. Coal is a crucial material in the global power sector and steelmaking.

However, due to its carbon intensity, it faces criticism from investors, shareholders, and Western governments.

 

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