Vincent Boland: Glencore’s shaming lifts the lid on the murky business of commodity trading

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“The shaming of Glencore demands greater scrutiny of what it does and a better understanding of its role, and that of its peers, in the global economy.”

There are few corners of the business world more shrouded in secrecy and intrigue than the trading of natural resources and commodities such as oil, coal and metals.

This is because the companies that carry out this lucrative activity are mostly based in Switzerland, mostly in private hands, mostly poorly understood, and mostly led by people who shun the limelight.

 

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Corruption. We get the tail end its called Heat or Eat !

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