Glencore shares outlook as nickel, copper prices dive
Glencore (LON: GLEN) share price has pulled back sharply this month as trades focus on the falling copper prices. The stock crashed to a low of 465p on Tuesday, down by more than over 8% from its highest point this year. Volatility in the commodities marketGlencore’s stock price has crashed hard as investors focus on the happenings in the commodities market. Copper has tumbled by over 12% from the highest point this year even as investors predict strong demand this year. In a note this week, analysts at Deutsche Bank said that copper will jump to $9,000 per ton in the long term. Glencore benef...