Glencore said its trading team made a profit of around $3.3 billion in the first half of the year, so full-year results are expected to be at the highest level of records. Judging from the results of the first half of the year, the company is already very close to the upper limit of its annual profit target range, which is $3.5 billion. This trading business made $2.9 billion last year. At the current pace, the company is expected to break the $6.4 billion record set in 2022. The conflict in the Middle East has caused turbulence in various energy markets, and commodity trading companies have profiteed a lot of money. At the same time, various factors, from the AI boom to trade tariffs, are driving up metal prices.
Zhitongcaijing · 3d ago
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Glencore said its trading team made a profit of around $3.3 billion in the first half of the year, so full-year results are expected to be at the highest level of records. Judging from the results of the first half of the year, the company is already very close to the upper limit of its annual profit target range, which is $3.5 billion. This trading business made $2.9 billion last year. At the current pace, the company is expected to break the $6.4 billion record set in 2022. The conflict in the Middle East has caused turbulence in various energy markets, and commodity trading companies have profiteed a lot of money. At the same time, various factors, from the AI boom to trade tariffs, are driving up metal prices.
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