Glencore Regains IPO Price After 11 Years on Commodity Rally
- Commodities giant is positioned for green energy transition
- Company expects to resolve long-running corruption probes
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Glencore Plc traded above its IPO price for the first time since 2011 as Russia’s invasion of Ukraine continues to drive up commodity prices.
The shares breached 530 pence in London on Monday after surging 42% this year. It’s a level Glencore, the world’s biggest commodities trader, had at times looked unlikely to ever regain.