Glencore Shares Rally the Most Since 2011 IPO, Extending Rebound

What's Driving Glencore's Soaring Shares?

Glencore Plc shares rose 21 percent to close at 115 pence in London, the highest since Sept. 21.

Glencore, one of the world’s biggest commodity traders, has recovered losses since last Monday’s 29 percent plunge, sparked by concern the stock could be worthless if metal prices keep sliding. Analysts including Citigroup Inc. had called the selloff unjustified and recommended buying the shares.

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