After holding up fairly well in2014, the copper price has recently slid down like most other base metals before it, and thats bad news for Glencore (LSE: GLEN). Much of its profit is derived from copper for starters, but theres a double-whammy in that aconsequently depressed share price will limit any ambitionsGlencore hasto bid for Rio Tinto
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Owain Bennallack has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.