Burgex’s Jake Tanner examines what lies ahead for supply and demand across the commodity industries – not just for 2026, but well into the next decade and beyond. The clock on demand has started: record industrial draw for metals, a binding grid rule, a fixed highway window, and an EV market that’s maturing – not stalling – now define the…
Read MoreA consortium led by Glencore agreed in November to acquire Teck Resources’ steelmaking coal unit for $9 billion, marking one of the largest deals in the mining sector, according to Reuters. Glencore will own 77% of the business in a $6.9 billion cash deal, while 20% will go to Japan’s Nippon Steel Corp., which already holds a 2.5% stake. South…
Read MoreIndia’s biggest steel producer JSW Steel intends to bid for a 20-40% stake in Elk Valley Resources Ltd., the metallurgical coal unit of Canadian-based Teck Resources, reported Bloomberg News. Chairman Sajjan Jindal said JSW, along with some Japanese and South Korean mills, could offer a combined $8 billion for a stake in the asset. He told Bloomberg that Teck produced…
Read MoreTeck Resources said Canadian Pacific Kansas City (CPKC) and Teck Coal have entered into a long-term rail agreement for the transportation of steelmaking coal from Teck’s four operations in southeastern British Columbia. The agreement builds on existing services in place and runs until the end of 2026. Additionally, the companies intend to collaboratively develop a unique pilot program that integrates…
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