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Glencore's grip on raw material world

Source: Financial Times, 15th April 2011

For many years, the commodities sector was an economic backwater. No longer. The proposed flotation of Glencore, valuing the company at up to $73bn, is a sign of how capital is flooding back into the sector. But the excitement generated by soaring commodity prices is tempered by concern. A prolonged surge in demand for raw materials has fuelled fears about commodity-driven inflation.



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