Bloomberg reported that Glencore’s 2012 copper output rose 3.9 percent to 376,700 tons.
As quoted in the market report:
Glencore is seeking to complete a $36 billion takeover of Xstrata Plc next month, adding coal, zinc, copper and nickel assets to create the world’s fourth-biggest mining company. The combined entity will have interests in about 35 coal mines in Colombia, Africa and Australia, and account for about 10 percent of global seaborne exports.
