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21 Feb

Copper market to overturn 2024 oversupply expectations: Glencore

Swiss commodity trading giant Glencore said Wednesday that although the current macroeconomic environment remains challenging, global economic growth is forecast to bottom out in 2024. “Expected interest rate cuts and corresponding restocking along the supply chain are likely to bring an improvement in demand conditions in Western markets later in the year,” chief executive Gary Nagle said in the company’s 2023 financial results report. Yet, t…
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