Glencore Raises $900 Million by Selling Future Silver Output

Updated on
  • Silver Wheaton agrees streaming deal for metal output
  • Sale part of Glencore's plan to cut its $30 billion debt

Glencore Plc sold a share of its future silver output in a deal that includes a $900 million upfront payment, as the trading and mining company works to cut its $30 billion debt pile by about a third amid tumbling commodity prices.

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