Glencore shares plunge more than 30% in London afternoon trade
Glencore
London - Arab Today
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Shares of mining group Glencore plummeted over 30 percent on London's stock exchange Monday afternoon, after analysts warned about the impact of low commodity prices on the group. Glencore's share price slumped by 31.18 percent at 66.91 pence around 1245 GMT, on new signs of China's economic slowing and a warning by online brokerage Investec that persistently low commodity prices meant "nearly all the equity value" of mining groups such as Glencore "could evaporate." |
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