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Glencore Reports Record Quarterly Coal Output, Copper Up 33%

Glencore International Plc, the largest publicly traded commodities company, reported record third-quarter output of thermal coal and a 33 percent jump in copper, saying it has the funds to spur further expansion.

Coal used in power stations climbed 30 percent to 6 million metric tons from a year earlier, the Baar, Switzerland-based company said in an interim management statement. Copper from the company’s own sources rose to 98,700 tons from 74,200 tons.