Glencore Share Price (GLEN) Rallying Off Lows, Although Firmly Down YTD
Glencore shares (LON:GLEN) have been fighting back in recent months, having rallied more than 40% off the lows, yet continuing to trade 37% below the mark it set 12 months ago. With the Glencore share price currently hovering just under the 300p mark, the 52 week high of 496.12p seems like a long way away, with concerns over the mining and trading giant’s performance and strategic direction.
The recent slide is attributable to a mix of factors; notably disappointing production figures, lowered earnings and capital returns, and swirling speculation surrounding a potential relocation of its primary listing.
The first-quarter production update at the end of April showed own-source copper output plummeted by a staggering 30%…
