Glencore Dips in London as Congo Worker-Equity Law Puts Copper in Focus
Glencore shares fell 0.6% to 562.6 pence in London, extending recent losses amid uncertainty over Congo’s new rule requiring miners to give a 5% stake to local employees by July 31. Copper prices dropped 0.7% as Rio Tinto resumed shipments from Mongolia and the dollar hit a 13-month high, pressuring metals markets. Congo is a major source of Glencore’s copper and cobalt output.