MJ COMMENT

Zinc the winner in Glencore deal

Those questioning both how long zinc can maintain current highs and whether it will push higher still should be encouraged by Glencore's move this week to gain control of Peru-listed and focused zinc miner Volcan Minera.

Chris Cann
 That Glencore likes zinc so much is very handy for the zinc price (Image: Glencore)

That Glencore likes zinc so much is very handy for the zinc price (Image: Glencore)

The major has agreed to buy 27% of the voting A shares for US$1.21 per share for a total of $531 million in cash and representing a premium of more than 40%. The deal would increase Glencore's stake in...

Start a free trial to continue reading this article

Already have an account?

Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.