A hefty drop in marketing and industrial profits and heavy amortization sent Glencore to a first - half loss of $676 million Wednesday, which in turn sent the company's stock below 160 pence per share for the first time since the commodity trader floated on the London Stock Exchange in May 2011. The commodities trader has fallen victim to the vicious downturn in the global commodities cycle, with Chief Executive Ivan Glasenberg citing weak commodity prices, subdued Chinese demand and "other issues" affecting China for a tough first half.
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