Glencore Widens Debt-Cutting Plan, What's Next?

The transcript discusses Glencore's efforts to reduce its debt by $500 million, aiming for a net debt of 16.5 billion by the end of 2016. The management's commitment to improving the credit profile and reducing leverage is highlighted. Despite past doubts about Glencore's viability, the company has made significant progress in crisis management, although it remains sensitive to commodity prices. The discussion also compares Glencore's strategy with its peers, emphasizing its focus on the trading business. The investment potential in Glencore's bonds is considered attractive, while the equity story depends on rising commodity prices.

In what ways has Glencore's strategy evolved in response to investor expectations?

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What are the implications of Glencore's hybrid business model for its trading operations?

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