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Gary Nagle

Chief Executive Officer, Glencore

Search every verified Gary Nagle interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Gary Nagle, CEO of Glencore, stated at the Swiss Economic Forum in July 2023 that the world lacks sufficient green minerals to successfully achieve the energy and mobility transition. He noted that while metals exist, they are often in difficult jurisdictions and take time to permit. Nagle also said that fossil fuels still provide 81% of the world's energy, a figure he contrasted with 82% 23-24 years ago, and argued that decarbonization does not happen overnight. He reiterated Glencore's commitment to reducing its coal production by 50% from 2019 levels by 2035 and achieving net zero by 2050, while continuing to supply coal to developing nations. In February 2025, Nagle described 2024 as a strong operational year, highlighting the simplification of Glencore's portfolio through the closure or disposal of over 20 assets. He emphasized the company's focus on long-life, low-cost assets and organic growth in copper, noting nearly 20 billion tons of measured, indicated, and inferred copper resources. Nagle also discussed share buybacks, describing them as "taking our company private by stealth" and stating that Glencore would continue buying back stock if it trades at a discount. He mentioned innovative approaches to de-risk the greenfield El Pachón copper project, potentially bringing it forward in the project sequence.

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