Glencore Debt Swaps Jump to Six-Year High as Copper Price Slides

  • Copper trades below $4,400 a ton for first time since 2009
  • Glencore may need to reduce debt further: Union Investment

The cost of insuring Glencore Plc’s debt against default rose to a more than six-year high as the price of raw materials such as copper continued to tumble.

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