World Trade· August 17, 2026 at 06:05 a.m.
South Korea Extends $1 Billion Credit Line to Glencore for Copper Supply Chain Stabilization
Key takeaways
- South Korea extends $1 billion credit line to Glencore
- Loan aimed at stabilizing global copper supply chain
- First time Export-Import Bank provides such a large loan to a single company
South Korea's Export-Import Bank has agreed to extend a $1 billion credit line to Swiss commodities giant Glencore. The move is aimed at stabilizing the global copper supply chain, which has been affected by disruptions due to the COVID-19 pandemic and geopolitical tensions. This is the first time the bank has provided such a large loan to a single company.
