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The Glencore/Xstrata merger: Does this mark a top for commodities?

Posted on 07 February 2012

Glencore is already the world’s largest commodities trader. Now it’s planning to get even bigger. It’s aiming to merge with leading mining group Xstrata.

Glencore already owns 34% of Xstrata. Combined, they’d form the fifth–biggest listed mining group on the planet. They’d also have one of the largest market caps on the UK market. But the last time Glencore hit the news headlines – at the time of its IPO (initial public offering) – it neatly marked the top of the market……………………………………….Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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