London — Glencore Plc promised to double its dividend, restart some zinc production and boost spending as the world’s largest commodity trader reaps rewards from soaring metals prices. The news from Glencore’s investor presentation on Tuesday is another sign the mining company is firing on all cylinders, with profitable zinc, cobalt and copper mines around the world. The growth has been aided by a powerful trading business that’s on track for its second-best year. "Marketing is highly cash-generative across the cycle," the company said in a statement, adding that it’s "able and willing to grow our business" with acquisitions focused on existing commodities. Glencore shares slipped 0.8% to 348.40p as of 1.43pm in London. Glencore will pay shareholders at least $2bn in 2018, the company said. The dividend will be split into two payments, and could be increased during the half-year results. The company expects to restart production at the Lady Loretta mine in Australia during the first...
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