Glencore is in advanced talks to buy out its partner in Argentina's Mara copper project as it seeks higher exposure to the metal, Bloomberg News reported on Friday.
The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017.
Arnd Wiegmann/File Photois in advanced talks to buy out its partner in Argentina's Mara copper project as it seeks higher exposure to the metal, Bloomberg News reported on Friday.56% stake that could be announced as soon as next week, it said, citing people familiar with the matter.The deal talk comes as usage of copper for applications in electric cars is set to steepen sharply in coming years as the world moves toward green energy and electrification.
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