Glencore To Boost Iron Ore Foothold

Glencore is looking to boost its foothold in iron ore via additional marketing deals.

Glencore is looking to boost its foothold in iron ore via additional marketing deals, Reuters reports. The commodities trader may also weigh acquisitions, said its CEO Ivan Glasenberg.

Glencore will continue to take advantage of the shift to shorter pricing contracts, added Glasenberg. The firm’s iron ore marketing business has risen since it was rolled out in 2008.

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