However, you are incorrect on it not being a chelator.
Please see below:
The herbicide doesn’t destroy plants directly. It rather cooks up a unique perfect storm of conditions that revs up disease-causing organisms in the soil, and at the same time wipes out plant defenses against those diseases. The mechanisms are well-documented but rarely cited.
The glyphosate molecule grabs vital nutrients and doesn’t let them go. This process is called chelation and was actually the original property for which glyphosate was patented in 1964. It was only 10 years later that it was patented as an herbicide. When applied to crops, it deprives them of vital minerals necessary for healthy plant function—especially for resisting serious soilborne diseases. The importance of minerals for protecting against disease is well established. In fact, mineral availability was the single most important measurement used by several famous plant breeders to identify disease-resistant varieties.