Glencore’s Worst Profit Shows Miners Still Reeling From Rout

  • ‘It’s still trying to get balance sheets in order:’ Macquarie
  • Company plans to trim net debt to as low as $16.5 billion

Glencore Wants to Cut Debt to as Low as $16.5 Billion

Glencore Plc’s lowest profit in its five-year history as a public company shows that for all its success in soothing investor concerns about a debt-heavy balance sheet, it’s still a long road to recovery.

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