Glencore says third-quarter trading 'healthy'
Nov 01, 2012 | 09:10 AM
| Shivani Singh
Tags
Glencore,
copper,
zinc,
nickel,
lead,
cobalt
SINGAPORE — Trading house Glencore International
Plc said its marketing arm continued to trade “strongly” in the third quarter,
but warned it does not expect much improvement in global economic conditions in
the near future.
“We are
confident that in this environment our business model places us in a strongly
competitive position, underpinned by our strong relationships in marketing and
our highly capital-efficient, low-cost brownfield expansion projects in
industrial activities,” Glencore said in its third-quarter results.....
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