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Glencore also has been busy with smaller deals beyond Teck, with agreements to add aluminum and copper assets as well as secure lithium offtake for its trading business.
A deal with First Quantum would transform Barrick into a significant copper miner when the industry’s largest players are all seeking to expand production of the wiring metal.
Mining executives, investors, bankers and government officials converging in Toronto over the next week to attend one of the industry’s largest events.