sclarda has a lump of zinc for a brainGlencore does not own Trevali stock to trade it for a profit. They own Trevali stock so they can have CONTROL. This is why bone headed management ignores shareholders. They report to Glencore.
Opening Caribou at near breakeven was all about making money for Glencore. It was not done to benefit shareholders. Glencore knows the price of zinc is going a lot higher. They are going to make money processing the ore, and they are going to make even more money on the bone headed hedging. Win-win for Glencore. Trevali shareholders get crumbs.