, Columnist
Glencore Brings the End of Thermal Coal a Step Closer
When the world’s biggest shipper caps output, the future is dark for the black stuff.
End of the line.
Photographer: Vincent Mundy/Bloomberg
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Et tu, Glencore?
It’s only a few months ago that the world’s biggest commodity trader was promoting coal as – don’t laugh – a viable part of global emissions-reduction plans. Now Glencore Plc, the largest supplier of thermal coal to the international market, is promising to cap production for the foreseeable future at around current levels of 145 million metric tons a year, David Stringer of Bloomberg News reported Wednesday.