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Glencore To Boost Iron Ore Foothold
Glencore is looking to boost its foothold in iron ore via additional marketing deals.
Glencoreis looking to boost its foothold in iron ore via additional marketing deals,Reutersreports. The commodities trader may also weigh acquisitions, said its CEOIvan 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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