Nickel Asia posts record high exports

The Kami project will also receive up to A$490 million in contributions from Nippon and Sojitz.

In addition to lithium and copper, the new PetroChina unit may also look to trade nickel.

The latest forecast from the IEA sees demand for coal rising to nearly 8.9 billion tons by 2027, about 1% higher than 2024 levels.

Due to its location, the business — Pasar — has long been a key trading asset for Glencore.