Glencore (GLNCY) plans to close its Horne smelter, Canada’s largest copper metal-producing operation, due to environmental issues and the millions of dollars needed to upgrade the facility, Reuters’ Pratima Desai reports. Industry sources estimate annual output at the smelter at more than 300,000 metric tons.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLNCY:
- Glencore price target raised to 410 GBp from 400 GBp at Morgan Stanley
- Glencore downgraded to Neutral from Overweight at JPMorgan
- Glencore price target raised to 400 GBp from 370 GBp at Morgan Stanley
- Glencore downgraded to Hold from Buy at Berenberg
- Glencore, PPX Mining sing LOI for strategic investment, offtake collaboration