We love zinc

According to the prospectus for its $10bn initial public offering in May 2011, Glencore supplied 60 per cent of the international third-party market in zinc metal and 50 per cent of the international third-party zinc concentrates market.  This was before Glencore’s takeover of Xstrata was completed in May 2013.  To meet antitrust approval for the $29 billion takeover Glencore stopped selling zinc by December 31st 2013 produced by Nyrstar and also sold a 7.8 percent stake in the company.


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