The Globe and Mail reports in its Saturday edition that Teck Resources is set to become a pure-play metals producer after announcing a deal to sell its steelmaking coal assets to a consortium led by Glencore PLC. The Globe's David Berman writes that Teck without coal could be an investor's dream. The Vancouver-based miner's dramatic repositioning comes at a good time for investors: The United States and China this week declared their support for increasing renewable energy capacity in a big way, which would drive global demand for the copper that Teck mines in British Columbia, Chile and Peru. The No. 1 and No. 2 economic powerhouses made the announcement through a joint statement issued ahead of a meeting this week between U.S. President Joe Biden and Chinese leader Xi Jinping near San Francisco. While their support merely puts the two countries in line with a previous declaration from G20 leaders and recent recommendations from the International Energy Agency, it nonetheless underscores the case for renewables. Many observers already believed that the shift toward renewables assured long-term demand for the minerals required in wind turbines and solar installations, as well as battery electric vehicles.