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Nagle outlines Glencore copper squeeze

Glencore will not bring new copper production online until pricing reflects the severe market deficit, chief executive Gary Nagle said during the company's investor day.

Paul Harris
Glencore chief executive Gary Nagle

Glencore chief executive Gary Nagle

Nagle said the company could double its copper production from its current 1Mtpa through expansions and other projects, but it will only do so once prices increase significantly. "Few companies are...

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