International commodities producer and trader Glencore’s shares have climbed 17 percent after tumbling down by 30 percent on Monday, September 28 after analysts raised concerns about declining metal prices.
The company said that it has taken proactive steps to position itself to withstand current commodity market conditions, adding that the business remains operationally and financially robust with positive cash flow, good liquidity and absolutely no solvency issues.
Glencore shares stand at levels 80 percent lower compared to 2011 when the company was first listed on London Stock Exchange.