Analysts fear Glencore could go Lehman Brothers route

Industry observers are beginning to worry that the problems facing one of the world's biggest commodity companies – Glencore – could send shock waves through the global economy

British-Swiss commodity giant Glencore is facing dire problems.

A massive USD 30 billion net debt and a huge drop in commodity prices from copper to coal to oil put the company under severe pressure and the developments are prompting analysts to fear for its future.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Nina Østergaard Borris takes over as USTC's CEO

Danish billionaire Torben Østergaard-Nielsen passes the position as CEO of USTC to his daughter Nina Østergaard Borris. ”A joint decision by the ownership,” Østergaard-Nielsen tells newspaper.

Further reading

Related articles

Latest news

See all jobs