Glencore shares fell to historic lows

World
a giant in the field of raw materials trade,
Glencore, touched on Friday
the absolute bottom: today its capitalization
He slipped during London trading yet
2.35%. The company has suffered from the events of this week: the continuation
the economic slowdown in China and falling
commodity prices. For the first time since the beginning of
Clencore listing in London
the company's shares were worth less 100
British pounds. However, stocks are now
restored and has added 1.26%
(17.53 to MSK).

Company
It specializes in the copper trade,
coal, nickel and zinc. For a week she
It has fallen by more than 20%, and for
year - by 65%. Sources within the company
the agency CNBC, that
Glencore pressed on market
rumors and speculation. the brunt
the company has taken on Tuesday when
Credit Suisse reduced its
evaluation and profits in the steel
mining industries, together with the
their forecasts Chinese demand
and commodity prices. The second "footstep"
I followed on Thursday, when Goldman
Sachs said the company's steps
debt reduction and support
balance have been inadequate. investment
Bank lowered its target for the stock
and has kept the company's rating to neutral
level, but the forecast further
the increased volatility of its shares.

strong
weakening copper prices also pressured
on the company's shares.