Glencore (Xetra: A1JAGV – news) ‘s Monday announcement of a multi-pronged debt reduction programme has boosted its share price by 17 percent and the copper price by five percent from their respective Friday closes. London Metal Exchange (LME) three-month copper hit a six-year low of $4,855 per tonne on Aug. 24 and closed last week at $5,120. Glencore alone can’t put a floor under the copper market.

Source: COLUMN-Glencore hasn’t lost its copper market mojo: Andy Home – Yahoo Finance UK