The dubious logic of Glencore's coal experiment

Glencore's tactical shutdown of its coal mines has done little to aid its quest to force Rio Tinto into a merger, and could help Rio make the case for increasing its iron ore output.

This week Glencore re-started production at its Australian coal mines after a three-week shutdown that was ostensibly both a response to an over-supplied market and an illustration of Ivan Glasenberg’s position that big commodity producers shouldn’t increase supply into markets in surplus.

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