Mining Stocks Climb on Output-Cut Plans to Stem Rout in MetalsBy
Glencore says more production cuts coming if prices persist
China Hongqiao plans to cut 250,000 tons of aluminum capacity
Glencore Plc and Freeport-McMoRan Inc. rose as mining stocks gained after producers pledged deeper cutbacks to help stem a metals glut that’s sent prices to the lowest in six years. Copper futures gained a third straight day.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.