13.08.2014 - Glencore has considerably increased the production
Corporation Glencore announced increased production of copper, coal and oil for the first 6 months of 2014. Copper production in the world's largest trader of raw materials increased in the first half of the year by 13% to 741 thousand tons thanks to increased capacity in the Congo, and improving performance of mines in Chile. Coal production increased by 5% to 71.2 million tons due to increased production in Australia and under the influence of strikes in Colombia. Oil production increased by 41% to 14 million barrels.
Today is expected the release of financial statements of a corporation that can trigger a wave of purchases of shares of the company, which in spite of weakness on the market of raw materials continues to grow steadily. We recommend to include the company's shares in long-term portfolio with growth potential up to 30% for the year.