The Future of Commodity Profitability
I have previously discussed and recommended London-traded but Swiss registered Glencore as the new and future model of commodity profitability. Its latest "leaked" deal with powerhouse miner Xstrata is just another step on the company's road to commodity market dominance in copper, tin, platinum and coal.
Glencore, the monster trading company, is the final iteration of the original Marc Rich company -- yes, that Marc Rich (who was pardoned of federal charges of illegally making oil deals with Iran and tax evasion by President Clinton). As a private entity, Glencore's growth in the last five years has been enormous, but its market cap soared with its initial public offering (IPO) in May of 2010 and, as of Friday's close of trading, it had reached an astounding 32 billion British pounds....513 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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