10/30/2015

Glencore shrinking its $18 bln commodity inventory mountain

Commodities mining and trading giant Glencore is reducing its $18 billion inventory pile which it could help assuage concerns about its balance sheet. The biggest player in the secretive commodities trading industry to hold a public share listing that requires it to disclose its accounts, Glencore has been battered by the global downturn in commodities prices.