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THE ASPERMONT BRAND PORTFOLIO
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LONDON TO A BRICK
Glencore's second coming
Rumours are swirling Glencore is plotting to demerge its coal assets from its energy transition minerals –in other words, hive off ‘bad’ Glencore from its ‘good’ green metals division which includes copper, zinc and nickel –all essential for the energy transition.
Those rumours have been stoked by a story published in Canada's Globe & Mail that claimed Teck Resources had held talks with Glencore about unloading its highly profitable but out-of-favour coal business;...
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