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GLENCORE ROUT

Besieged commodity trader gets vote of confidence

Market response overdone as Glencore is not financially stressed, says Citi report

Singapore

GLENCORE Plc, the commodity trader whose shares lost almost a third of their value in a day, just got a vote of confidence from Citigroup Inc.

The company doesn't have a stressed balance sheet, has the ability to sell assets to stem the rout and is rated as a "buy",

sentifi.com

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