In May 2011, the commodity trading giant Glencore launched its blockbuster IPO, which valued the business at $60 billion. The company hit the market right at the top of the commodity cycle. In the years after, its shares crashed from above 500p to below 100p.
The company is the world’s largest commodity trading house. Its operations touch virtually every part of the commodity market, and it’s likely something you’re using right now has been through the business in one way or another.
This global presence makes the business a commodity market bellwether, and its fortunes have risen and fallen in line with those of the sector in general.
This year the stock returned to its IPO level, buoyed by rising commodity prices, and...
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