BASE METALS

Glencore builds working capital, margin costs seen up

Leading commodities firm Glencore is faced with increased margin costs for its derivatives and has built up working capital significantly in the first half of this year, costs which may impact cash returns when it reports first-half earnings on August 4.

Glencore shows working capital hike

Glencore shows working capital hike

Glencore's chief executive officer Gary Nagle used the firm's first-half production results today - which included a 4.5% downward revision in the firm's copper guidance for this year to 1.06 million tonnes...

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