Glencore Traders Set for Significant Profit Surge in First Half
Marketing division's adjusted earnings expected to more than double year-over-year amid market shifts.
Business & Markets • 2 months ago
Glencore's trading division is poised to report substantially higher earnings in the first half of the year, with adjusted earnings projected to reach approximately $3.3 billion. This represents a significant increase from the $1.4 billion earned in the same period last year. The previous year's performance was impacted by uncertainties surrounding U.S. tariff policies and geopolitical tensions in the Middle East. The current projection indicates a strong recovery and growth for the company's marketing operations.