The Zhitong Finance App learned that Korea's policy financial institution, Eximbank (Eximbank), recently announced that it has reached a strategic financing arrangement totaling 1 billion US dollars with global commodity giant Glencore Plc (Glencore Plc). According to the agreement, the bank will provide loans to Glennon, while Glencore promises to supply copper resources to Korean companies in a targeted manner during the loan period. This move is seen as a forward-looking layout of “exchanging finance for resources” adopted by Seoul in response to the surge in demand for raw materials caused by the wave of artificial intelligence (AI).

The Zhitong Finance App learned that Korea's policy financial institution, Eximbank (Eximbank), recently announced that it has reached a strategic financing arrangement totaling 1 billion US dollars with global commodity giant Glencore Plc (Glencore Plc). According to the agreement, the bank will provide loans to Glennon, while Glencore promises to supply copper resources to Korean companies in a targeted manner during the loan period. This move is seen as a forward-looking layout of “exchanging finance for resources” adopted by Seoul in response to the surge in demand for raw materials caused by the wave of artificial intelligence (AI).