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Ivan Glasenberg, the chief executive of Glencore, was inspired to get into commodities trading when as a young man in South Africa he observed a trader in South Africa sourcing candle wax from South America and selling it to Japan. In 1984 Glasenberg landed a job at Marc Rich & Co. and caught the eye of legendary trader Rich when despite anti-Apartheid boycotts of South Africa he managed to find buyers for the country’s coal.

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