Glencore, Xstrata and the Restructuring of the Global Copper Mining
In 2012, Glencore, one of the world's largest commodity traders, proposed to take over the mining company Xstrata. Stocks of both companies surged by more than 10% following the deal's announcement, lauded by analysts as unprecedented: "Glencore provides the marketing and Xstrata the operational base. It could be a new model for the …