Incoming CEO Nagle hints at greener future for Glencore

February 17, 2021 / www.metalbulletin.com / Article Link

With long-serving chief executive officer Ivan Glasenberg departing on a trade-fueled high, Glencore looks likely to continue along a familiar path while also tackling one of its biggest challenges to date.

The world's largest commodity trader's marketing department beat analyst expectations to make profits before tax of $3.3 billion in the full year of 2020. This was 41% more than in the previous year and the biggest annual profit since it first released records in 2008.
With Glasenberg at the helm, Glencore has evolved from an almost purely merchant business into a hybrid miner-trader, combining financial nous with one of the market's biggest diversified mining and smelting asset bases.

That shift has led some parties to suggest that the days of...

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