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GLENCORE SHOCK

Glencore tracks London recovery in Hong Kong as miners climb

Group says it can withstand current market conditions
Thursday, October 1, 2015 - 05:50
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Glencore's Viterra Inc Cascadia terminal in Canada. The commodities group, based in Baar, Switzerland, trades everything from wheat to oil to cobalt. It is also the world's biggest exporter of power-station coal.

London

GLENCORE plc, the commodities group that's lost almost US$45 billion in market value this year, rallied as much as 18 per cent in Hong Kong after saying on Tuesday it can withstand current market conditions.

The gain tracked the 17 per cent jump to 80.25 pence in London on