Glencore stock drops as Chile copper permit faces risk
Glencore shares fell 1.4% in early London trading after a Chilean tribunal set aside the environmental permit for the Collahuasi copper mine’s expansion project. The company said it does not expect immediate production impact, but investors remain cautious. Copper futures slipped 0.5%. Collahuasi is jointly owned by Glencore, Anglo American, and Japan Collahuasi Resources.