24.08.2016 - Glencore was able to reduce the loss in the first 6 months of 2016

Glencore which is the world's third largest diversified mining company published a report according to which the net loss for the first half of 2016 totaled 369 million dollars against 676 million dollars loss in the same period last year. The company continues to reduce debt, sell assets and cut costs that together with a rebound in commodity prices helped to improve financial performance. According to our estimates, this trend will continue in the second half, but in the coming weeks, we can see a decrease in prices.

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