Thought I'd point out some key statistics on Glencore which...

Thought I'd point out some key statistics on Glencore which places CYM's/ Glencore offtake deal into perspective.
https://www.glencore.com/media-and-insights/news/2022-half-year-report

GLENCORENEWS RELEASEBaar, 4 August 20222022 Half-Year Report.
Glencore’s Chief Executive Officer, Gary Nagle, commented:
“Notwithstanding what has clearly been a very complex environment for our markets, our operations, and the world in general, we are pleased to report an exceptional financial performance for Glencore over the period. Elevated energy market dislocation, volatility, risk and supply disruption, led to record prices for many coal and gas benchmarks and physical premia, underpinning a $10.3 billion (119%) increase in Group Adjusted EBITDA to US$18.9 billion.

Despite the working capital build, significant cash was generated during the half, which reduced Net funding and Net debt to $28.0 billion and $2.3 billion respectively from prior period levels of $30.8 billion and $6.0 billion. (Paid off $6.5 billion debt or 17.66% of their debt)

Full year estimated unit costs: Copper 93¢/lb. H1 unit costs were: Copper 54¢/lb

Announced today “top-up” shareholder returns of $4.5 billion, comprising a $1.45 billion special distribution ($0.11/share) and a $3.0 billion share buyback (c.$0.23 per share)

Total shareholder returns for 2022 of c.$8.5 billion.

So as you can see Glencore is fully cashed up. Any deal Glencore does with CYM is a pittance to their overall operations.