Glencore retains strong lines of credit, company says

Glencore remains "operationally and financially robust" and continues to retain strong lines of credit and secure access to funding.

The miner continues to be confident of its commodities' medium and long-term fundamentals, the company said according to Reuters.

On Tuesday, analysts at SP Angel made a similar point, telling clients that: "It is unlikely that banks will pull their credit lines with Glencore easily – if they do we could have a “Lehman’s moment” which will have much broader repercussions outside the sector.

"Sudden falls like this are worrying but the sky has yet to fall in on our heads."

A sof 14:04 shares in Glencore were bouncing back by 13.15% to reach 77.65p.