Coal in TRANSITION (ODT)

Glencore will instead focus on metals such as cobalt, nickel, vanadium and zinc, which are all key components of batteries as it targeted lower carbon industries as its customers.

“We aim to prioritise capital investment to grow production of commodities essential to the energy and mobility transition and to limit our coal production capacity broadly to current levels,” the company said as part of its results announcement.
Advertisement

via Glencore to limit coal production, acquisitions over climate change activism