Glencore stock price slips in London as cobalt-stockpile focus cools
Glencore shares fell 1.8% to 524.8 pence in early London trade Thursday, reversing part of Wednesday’s gains. The drop follows news of a $115 million cobalt purchase from Rami Weisfisch for U.S. stockpiles, as cobalt prices surged on Congo export curbs. Copper prices dipped 0.23% on the LME, with inventories at a 13-month high. Glencore’s next shareholder vote is set for May 28, with a Q1 production report due April 30.