Glencore

Glencore Reports Big Coal Profits on Soaring LNG Prices, Fuel-Switching

Glencore Reports Big Coal Profits on Soaring LNG Prices, Fuel-Switching

Despite increasing efforts by major energy consumers to replace coal with cleaner fuels, volatile prices for other commodities like liquefied natural gas (LNG) have helped keep coal competitive for leading suppliers. In the latest case of high gas prices creating a boon for coal suppliers, Glencore plc reported Tuesday that 2021 brought overwhelming results for…

February 17, 2022