Glencore sees strong US and Chinese demand

Commodities producer and marketer Glencore International says that all of its major growth projects remained on schedule and within budget in the first quarter of 2012.

Commodities producer and marketer Glencore International says that all of its major growth projects remained on schedule and within budget in the first quarter of 2012.

"Glencore has traded well across all segments of its business in 2012. Physical demand for commodities remains broadly healthy across the globe, although precise conditions vary by location [...] It remains our view that available global inventories are generally low, both on exchanges and within supply chains," the statement said.

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