Deals
Glencore Pivots From Disposals to Dividends as Stock Rallies
- Rising prices for coal and zinc have buoyed Glencore this year
- Swiss trader may resume dividends as early as March: UBS
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What a difference a year makes.
Glencore Plc fended off questions in 2015 about its survival as commodity prices hit new lows, and now there’s talk that the company’s turnaround plan has gone so well that it could be months away from paying dividends again. Surging coal and zinc prices, a rebounding stock price and shrinking debt pile made Glencore one of mining’s biggest success stories this year.