RE:Might as well look ahead It might be helpful to consider a worst-case, if TV shutters its business, what does Glencore lose?
It looks to me like they lose 100% of their stock investment in TV, they lose 100% of the processing fees they receive from TV, and they lose access to a significant source of zinc that they used to have.
So, does Glencore have any options to reduce or avoid these losses?