Glasenberg’s Iron Barbs Losing Sting Amid Coal Expansion
This article is for subscribers only.
Ivan Glasenberg, the billionaire chief executive officer of Glencore Plc, has argued his two biggest rivals have got it wrong by feeding a global glut of iron ore.
The world’s largest producers, including BHP Billiton Ltd. and Rio Tinto Group, are fueling a 25 percent increase in output, and “that’s what’s killing the super-cycle,” Glasenberg said two months ago in London.