Are Glencore stock price predictions a positive sign?
Glencore announced on October 5 that it was temporarily halting production at its Nordenham zinc smelter due to “various external factors” affecting the company and the European economy. The announcement came just a week after the miner said copper sales to Maike Metals International had slowed.
A slowdown in China’s economy means demand for copper has fallen. Glencore previously sold 600,000 tonnes of copper to China…
