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Glencore gets a "Buy" rating after a $6.9B coal acquisition, targeting high demand in India.
Glencore, a major commodities company, has received a "Buy" rating from analysts with a target price of £442.50.
The company recently acquired a Canadian coking coal business, Elk Valley Resources, for $6.9 billion, a move seen as strategic due to high demand for coking coal, especially in India.
Analysts view this acquisition as an upgrade to Glencore's asset quality and operational strength.
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Glencore obtiene una calificación "Comprar" después de una adquisición de carbón de $ 6.9B, apuntando a la alta demanda en la India.