Glencore Made More Money Trading Commodities in Six Months Than It Expected All Year

LONDON—Commodities large Glencore PLC mentioned Friday it made extra money buying and selling oil, metals and different commodities in six months than it had anticipated to make all yr, citing unprecedented volatility in markets within the wake of the worldwide restoration from the pandemic and the invasion of Ukraine.

Glencore mentioned its buying and selling division expects to submit half-year earnings earlier than curiosity and taxes of greater than $3.2 billion, on the prime finish of the corporate’s full-year steering. In the entire of 2021, the division generated earnings of $3.7 billion. Shares had been up almost 4% in early London morning buying and selling.

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