Glencore’s Q1 Rose to 75%
Glencore International AG, world’s largest commodities trader, has reported that its Q1 income rose to 75 percent due to higher average prices of zinc, nickel, and copper.
Miriam Hehir, a credit analyst at RBC Capital Markets is quoted saying:
“Unlike the Swiss cheese, there are no holes to pick with Glencore’s first-quarter results.”
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Wed, May 19, 2010
Post by Mike Rodger, Zinc Reporter