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Glencore: understanding the strange beast

Source: Financial Times, 10th April 2011

If Glencore's managers harbour any regrets about abandoning the company's low profile, they have been covered up in the hype now surrounding the Swiss-based company. The world's largest commodities trader, increasingly a mining company, may announce its intention to float this week. Citing the commodity boom, brokers and people close to Glencore's initial public offering plan are touting sky-high valuations, up to $60bn.



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