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    Alon Olsha

    Senior Analyst at Bloomberg Intelligence

    Alon Olsha is a Senior Analyst at Bloomberg Intelligence specializing in metals and mining research, with a focus on global mining markets and decarbonization strategies. He covers major mining companies such as Glencore plc and provides in-depth analysis on supply chains, market dynamics, and the impacts of geopolitical and policy developments on the sector. With over twenty years of experience, Alon joined Bloomberg in 2022 following senior equity research, fund management, and government advisory roles—including serving as Head of the Carbon Capture and Storage Infrastructure Fund at the UK Department for Business, Energy and Industrial Strategy, and prior analyst positions at Macquarie and STANLIB. He possesses a strong background in equity research, corporate finance, and resource sector transition, though specific securities licenses or performance metrics are not publicly disclosed.

    Alon Olsha's questions to Glencore plc/ADR (GLNCY) leadership

    Alon Olsha's questions to Glencore plc/ADR (GLNCY) leadership • H1 2023

    Question

    Alon Olsha from Bloomberg Intelligence asked about the near-term outlook for the weak cobalt market and whether Glencore would intervene to support prices. He also questioned the rationale for delaying the final investment decision on the low-cost MARA copper project.

    Answer

    CEO Gary Nagle acknowledged the cobalt market surplus will take time to clear but confirmed Glencore would consider supply-side actions, such as stockpiling, as they have in the past. CFO Steven Kalmin added this could also include lower production. Regarding MARA, Nagle reiterated that the goal is to achieve "great returns" by launching the project into a much stronger copper market (above $10,000/tonne) rather than just "good returns" today.

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