Glencore CEO’s top M&A pick is Glencore - edwardcropley -
Gary Nagle became chief executive of Glencore on July 1, replacing fellow South African Ivan Glasenberg.
Since Nagle took over, Glencore shares have gained 28%, reflecting soaring prices for its two main commodities, copper and thermal coal. As part of its long-term commitment to net-zero carbon emissions by 2050, Glencore says it will cut its direct and indirect carbon dioxide output by 50% from 2019 levels by 2035, mainly by running down its existing coal mines.The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, September 30, 2015.
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