Former Glencore CEO Contender to Run Metals Trader IXM
- Kenny Ives will replace Paul Akroyd as IXM chief executive
- Glencore’s former nickel-trading head departed last year
A drilling machine inside an underground tunnel at a mine in Kalgoorlie-Boulder, Western Australia.
Photographer: Carla Gottgens/BloombergThis article is for subscribers only.
Kenny Ives, who left Glencore Plc after losing out in the race to succeed Ivan Glasenberg, will join metals trading house IXM as chief executive officer.
IXM, the former metals trading unit of Louis Dreyfus Co., is one of the largest merchants of refined metal and ores. It is owned by China’s CMOC Group Ltd., a leading producer of cobalt and tungsten, and a substantial copper supplier.