For a while it looked like Glencore Plc had turned the tide. Billionaire Chief Executive Officer Ivan Glasenberg’s $10 billion debt-cutting plan, vivified with asset sales and output cuts, breathed life into a collapsing share price. Now with the stock falling again, pressure is back on to drive those efforts harder and faster. The Swiss firm has fallen for the past nine days straight in London, the longest streak on record. That 29 percent slump, as prices for the copper and zinc that Glencore produces reached six-year lows, wiped about $8 billion off the mining and trading company’s value. “If all else remains unchanged, it’s going to be back to the drawing board,” said...
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