The Veteran Trader Building a Chinese Giant in Glencore’s Image
The trading arm of miner CMOC Group is a key link between China’s battery industry and the world.
CMOC is a significant producer of copper with plans to expand in nickel and lithium.
Photographer: Oliver Bunic/BloombergThis article is for subscribers only.
When Kenny Ives took over as boss of the trading arm of one of China’s top miners, his model was clear: “23 years at Glencore, and I loved it. So why would I do it differently?”
After just missing out on succeeding Ivan Glasenberg as head of commodities giant Glencore Plc, 46-year-old Ives is now running IXM – which as the trading arm of CMOC Group is a key link between China’s battery industry and the world. There, he’s spent the past year seeking to instill the hard-charging, hyper-competitive Glencore culture that his mentor was famous for.