Trump ‘Has a Point’ on China's Cheap Aluminum, Glencore CEO Says
- Aluminium makers were using subsidized power, Glasenberg says
- U.S. could be competitive in aluminum with cheap shale energy
Glencore CEO Says Bunge Isn't Only Opportunity Out There
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Donald Trump “has a point” in criticizing China’s trade in aluminum and steel as cheap power has effectively been a subsidy to Chinese producers, said Glencore Plc chief Ivan Glasenberg.
Trump should be pragmatic in dealing with China, given that it imports a lot of U.S. goods, said Glasenberg during a Bloomberg Television panel at the St. Petersburg International Economic Forum.