[miningmx.com] – DEMAND from China would drive commodities consumption in the long term, said Glencore non-executive director John Mack in an interview with Bloomberg TV.
He also said that Glencore would remain focused on trading metals and that it was crucial to the Swiss group’s fortunes to retain its investment grade rating.
“The most important things for Glencore is to keep our investment-grade rating and to find areas where we can cut production,” Mack, a former CEO of Morgan Stanley, told Bloomberg News.
“We are not backing out of trading. We are as aggressive as we have ever been in trading,” he said.
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