Tag: $Glencore

Glencore on Friday said ​it acquired ‌a 45% stake in an ​aluminium recycling ​and remelting plant ⁠near Charleston, ​South Carolina, strengthening ​the miner’s position in the U.S. ​aluminium ​supply chain.

Glencore’s London-listed shares popped 10% on Friday, after it was confirmed a possible $260 billion takeover bid from Rio Tinto was back on the table.

The Canadian government has approved Glencore’s $6.93 billion acquisition of miner Teck Resources’ steelmaking coal unit with strict conditions to preserve jobs, the country’s industry minister said on Thursday.

Global miner Glencore, Chrysler parent Stellantis and Volkswagen’s battery unit PowerCo have agreed to back a $1 billion deal by blank-cheque fund ACG Acquisition Company to buy two mines in Brazil, ACG said on Monday.