Glencore to acquire Weser-Metall.

Glencore, an Anglo-Swiss multinational commodity trading and mining company, agreed to acquire Weser-Metall, a German lead producer. Financial terms were not disclosed. Upon completion of the deal, Glencore plans to invest $30m into the lead facility to enhance its commercial and environmental protection performance. Weser-Metall filed for insolvency in May 2020 amid weak metal demand caused by the Covid-19 pandemic.