Glencore Plc, the world's biggest commodity trader, is reviewing allegations by U.S. authorities regarding the bribery of officials in the Democratic Republic of Congo said to implicate its partner, Israeli billionaire Dan Gertler.
Swiss-based ARG International AG, the trading house set up by Glencore Plc's (GLEN.L) former No. 2 aluminium trader Matt Lucke, is buying a bankrupt smelter in the United States, its first acquisition since its founding nearly three years ago.
Glencore Plc, the commodities trader and miner, expects nickel prices to climb through 2018 as demand outstrips supply, assuming Indonesia continues its policy of curbing ore exports and encouraging local processing.
Societe Generale gave the share price of Glencore PLC a price target of 240 meaning the broker expects a potential upside of 31.26% from Glencore PLC's current market price of 182.85. Glencore PLC has 14,227,509,000 shares outstanding at the moment ...