Glencore sets cap on its coal production
Swiss commodity trader Glencore aims to limit its coal production to "current levels" in a part of its climate change mitigation efforts – a decision that could raise the price of thermal coal, a Wood Mackenzie analyst assesses.
by SIMON VALEUR
As a part of its climate change mitigation efforts and in order to "deliver a strong investment case to our shareholders", Glencore has decided to maintain its coal production at current levels, the Swiss commodity trader announces in a press statement.
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