Glencore’s profits nosedived 92% in the first half of 2019, as the mega-miner and world’s largest commodity trader was hit by low prices, operational setbacks and higher costs at its African copper operations.

The company’s performance is in stark contrast to that of its peers like Anglo American and BHP which are flourishing on the back of strong iron ore prices, a commodity which Glencore mining has no exposure to...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now