Glencore plc (LSE:GLEN) said on December 2, 2021 it was in the process of selling 10 more assets, putting another 15 under review, and considering acquisitions as it moves to refocus its portfolio on what it termed "commodities of the future". It has 10 sales processes underway across its portfolio and 15 further assets under review which may not fit the long-term strategy of the company, it said during its annual investor day. Those assets that are not fit for purpose or subscale we would look to move out of our portfolio," Chief Executive Gary Nagle said, without identifying the assets he was referring to. "It's not a one-size-fits-all approach. each asset will be looked at on its own merit". The miner also said it would temporarily raise its net debt to $16 billion, the top end of its target range, for potential mergers and acquisitions, but added that it does not have short-term targets. "There is nothing cooking," said Chief Financial Officer Steve Kalmin, adding that targets would be "commodities of the future", without giving details.