Xstrata-Glencore Merger Not a Threat to Coal Buyers

Reuters reported that the merger of Xstrata (LSE:XTA) and Glencore( LSE:GLEN) will only make their long-time collaboration more formal.

As quoted in the market news:

If approved by shareholders, the combined powerhouse, dubbed “Glenstrata”, would control one third of the world’s seaborne coal trade, excluding China’s coastal shipments. But this is still below the critical threshold to completely dominate the market, traders and analysts said.

Click here to read the full Reuters report.