Mr Young is one of the world’s foremost traders of nickel and cobalt products, with extensive knowledge of the commodities, their materials flow, market indices and pricing strategies.
Mr Young gained this experience during his 25-year tenure in Glencore’s United States business, which culminated in his appointment as Co-Head of Glencore USA, a position he held for over 10 years. Mr Young ran Glencore’s Stamford office in Connecticut, which housed approximately 50 metals traders and other employees.
Over the course of his career with Glencore, Mr Young managed more than 20 commodities including all North American marketing for Glencore’s alloy division. Glencore’s alloy division during his tenure encompassed, amongst other products, nickel, cobalt and ferrochrome. Mr Young started Glencore’s cobalt trading book, which during his tenure became the worlds’ largest. Mr Young oversaw United States marketing and placement of all nickel and cobalt products resulting from Xstrata plc’s US$17 billion acquisition of Falconbridge, a Canadian base metal producer, in 2006. Mr Young also handled all North American sales resulting from Glencore’s acquisitions of the Mopani copper-cobalt mine and processing plant in Zambia and the Murrin Murrin nickel-cobalt facility in Australia.
During Mr Young’s tenure, Glencore’s United States metals business achieved compounded annual sales growth of almost 35 percent. Mr Young left Glencore shortly after its IPO, having established a 30 percent market share or greater in the majority of the commodities traded.