Shares of mining firms and other commodities producers rose as the dollar weakened. Glencore raised its cash offer for Rio Tinto's Australian coal assets to $2.68 billion, days after its previous attempt to scotch an acquisition by a Chinese suitor was rejected. Rio Tinto previously opted for a $2.45 billion deal with Yancoal over Glencore's $2.5 billion offer, saying the Yancoal deal would likely close sooner. Anglo American Chairman John Parker said increased usage of electric cars and wind turbines will drive demand for copper.
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--By Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
June 23, 2017 16:16 ET (20:16 GMT)