Climate-friendly energy transition metals, copper, cobalt and nickel, stole the limelight during Glencore’s presentation of 2019 results on Tuesday, when the company revealed that it would be depleting its coal reserves in line with the global move towards a low-carbon economy. Presenting 26%-lower earnings of $11.6-billion in line with lower commodity prices in 2019, Glencore CEO Ivan Glasenberg said new longer-term scope 1 and 2 emission targets that supported the Paris goals would be released this year.
